By doing something like this it allows them to focus more on things the crowd may not like as much but that could be a better play long-term. 

The lender I'm currently using (local credit union) will allow bank statements showing proof of income from the property.

Online you can't fail because you can use your notes to pass(not allowed but you're at home).

@Andrew Michael I see what you mean about 0 money down seeming like a scam- but taking a profit on the back end actually aligns them with the investors success and allows them to cover their risk that way.

I was having an informal conversation with a lender yesterday and he mentioned that house-hacking can provide the benefit of more favorable lending terms, but I didn't get the full details...I'm seeking insight as to whether purchasing a MFR as a personal residence (house hacking) can allow a smaller down payment (20%) or more favorable interest rates than if purchasing a MFR and renting out all units.

Most cities don't allow them.Also, as far as how to search by address on the assesor's site, go to the assesor's site, scroll down, and below "Most Popular", the first link says "find a property."

It can be harder to manage over an hour and a half away and even with the lower rents it takes a while to find good tenants because people there just don't make as much--and we don't allow dogs, which many people in the country have. 

Good afternoon BP members I contacted quicken loans and was told they only due 1-2 FHA loans.I understand that 3-4units is also allowed under FHA.

I have been using a Rich Dad Cash on cash return on investment excel sheet - but it doesn't allow for extended yearly projections with renovations and increases in rent. 

Anyways, most of the time, banks will NOT allow money from an Unsecured Line of Credit to qualify as the Money Down needed for closing a deal.