That will depend upon the nature of the item. 

The main property is now worth 1.2M, with about 400k in discharged debt being paid monthly. 4 plex, owner occupied.The other 4 properties combined have 700k value with 500k in debt.Does one need to show the other discharged debts when applying for fha or conventional refinance of the main property?

So the idea that townhomes are low end or mid range does not apply in this case.

This rule only applies to 3- and 4-unit properties (not SFRs or duplex) bought using FHA financing.

So my question is: Should I apply for a conventional home loan as an individual or go for a business LOC or loan to finance my first property.Other details:- Looking at multi-unit properties (3-4 units)- Looking to finance about $20-$50K (LOC for $20k or Home loan for $50kAny and all feedback welcomed.

If i qualify let me know how I can apply.

Only 2 states out of 50 have this law, in which doesn't apply to me because although I'm not licensed in those states, I am still A licensed broker and the law has not specified license in which they consider NOT ALLOWED TO WHOLESALE.

At this date I have purchased four waterfront lots, I've got my blueprints engineered, and as of today I'm headed to the city to apply for my first permit.  

https://www.fundera.com/apply?

Welcome Ryan,As a professional athlete you know what hard work is so applying that trait to Real Estate is a good start.