I've heard anything over 4 units is commercial but you can still get residential loans on 8 unit or less properties. 

I have a multifamily home with 3 units.

2024 Q1 Wrap-UpCoStar Summary: Southwest/Bystrom is a very small submarket within the larger Modesto market, with just 616 units of inventory.

You mentioned using an FHA loan, but that poses some real challenges in the city for a three-unit building because it's very difficult to find properties that can pass the FHA self-sufficiency test.

With that said, given how harsh the anti-landlord laws in the city seem to be, having a higher volume of tenants seems scary with only one unit.

Overall, rates cannot be super high for an extended period of time due to national debt but super high is relative.

My units exceeded the reported average occupancy in each of their areas (by a modest amount).  

Conserves capital and allows investors with little to no cash to scale.House Hacking: Live in a multi-unit property while renting out other units to offset expenses.

Hi John, I am currently focus on MFH 2-4 units.

If you wait and save some money you only need 5% in order to buy another 2-4 unit Multifamily.