I have talked to multiple lenders who will do a commercial loan with a 15-20 year life, no balloon.

I say that because in our market, seller's are currently seeing multiple offers on nicely remodeled homes which is making it hard on buyers.  

So then how do people qualify for a bank loan for multiple properties on a W2?

Where they have multiple projects (houses) they buy to rent or buy to fix and flip.

For one, the house has been listed for a while, with multiple agents, for over $100k.

You have multiple options to access number of projectsFor more detail about real estate crowdfunding, go through the following links ;-http://www.investopedia.com/articles/investing/072514/real-estate-and-crowdfunding-new-path-investors.asphttp://crowdfunding.about.com/od/How-to-crowdfund/fl/What-is-Real-Estate-Crowdfunding-A-Guide-for-Investors.htmhttp://crowdfund.co/real-estate/http://www.fundraisingscript.com/blog/2015/08/03/g...Hope it will be helpful for you.

-i figure it is a long shot but if I do this In multiple areas eventually something will catch!

Most investors are not agents and some of them write multiple offers every day.David J Dachtera"Success is not a destination.

8) If getting a condo or multifamily home, is it better to get a single bedroom or multiple bedroom?

I get the creating multiple sources of income...but only if you're creating true value.