I'm interested in investing in multi unit properties and potentially get into house hacking.

So choose wisely and good luck I like the passive nature myself of boat and RV storage.

A good broker should be able to tell you a range of rates given specific criteria if you can tell them what kind of deals you are exactly looking at (ex. in central Boston, 10-20 unit, 90%+ occupancy, 30% down).

.✅ House Hacking – How to Live for Free While Building WealthHouse hacking is where you buy a property with multiple units, live in one, and rent out the others to cover your mortgage or generate additional income.

You can read the full story in our self storage post for that location.  

I recently closed on a commercial condo unit (for retail), which is one unit in a building that also has 7 apartments. 

I would look at the DSCR loan as the first option.By the way, I suspect you are going to be disappointed by any refi appraisals   ADUs typically appraise poorly   JADUs can lower the property value Vs having the space as part of the primary unit.  

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

They acquired the neighboring four-unit in the 1990s for $150,000.00.

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.