@Tyler Kastelberg what region are you looking to invest in? 

In pursuit of this I have asked a few mortgage loan originators at regional banks about lending to LLCs for residential rental property.

This might be changing.There are few other/better ways to find those small companies that could use the space for rent and it has been valuable for that...the national and regional guys, I maintain a database and have not found Loopnet to be particularly helpful there....but regardless, Loopnet service has been of use to me over the years for finding and marketing properties to lease.  

hi  @CJ Dakin.I'm a Kitchener Real estate agent here and I've done many deals with investors not only in My Region but all over Ontario.If there is a budget that you have in mind let me know i'll guide you on getting this set up with great properties where the numbers work for you as a  profit.

Etc--Business Models vary by region, South Jersey, Central Jersey, Jersey Shore, Philadelphia but the core of the decision process remains the same.South Jersey Is mostly a residential development area so the rehabs center around single family homes.

Who knows, maybe my experience has been regional

I have been looking all over the Fox Valley region, and I am specifically looking at Elgin, St.

buy and hold has a whole nother set of numbers with those numbers in my mind being very regionalized..

It says that "Austin-San Antonio Corridor is one of the fastest-growing regions in the United States, currently home to just over 4 million people and expected to grow to 6-7 million people by 2030." 

Regarding the set-up you described - 5, 4-unit buildings - in 2012 I was able to get the same thing treated non-commercial via a regional lender in TX.