For the four-plex, if you're thinking about taking out a new 5% conventional loan, be careful to review the loan criteria as they could also have occupancy limits.Renting Out Your Current Primary house: One popular way to make extra money in Charlotte is to rent out your current primary house.

Here's some background info...I am a try it and learn it type of person and have found I learn much better that way. 

Perhaps your friend ran into this limitation of using conventional financing and had to covert to the popular DSCR loan which only focuses on the property.

I wonder why your lender didn't offer this type of loan?  

You would bleed money on that type of a structure. 

What made you interested in investing in this type of deal?

This was a question I asked when I my interest was peaked year ago.A great book I would reccomend, available on audible you can listen to...The Book on Investing in Real Estate with No (and low) Money Down.It will lay out many of the strategies that beginners and even successful investors utilize to invest in real estate.A popular strategy of many of investors involves investing with OPM (Other Peoples Money), myself included.

He has worked on my Unit before and she used to manage it, which is why I’d be more comfortable in this type of situation.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?