They invest in multi family properties.

You are on the right track searching for a commercial policy since the property is larger than a 4 unit. 

They asked for the source of the money in detail that just isn't warranted and would've required him to track every customer who contributed to his business success it sounded like.

The type of contract will depend on what you are doing with the property i.e. buying for yourself, flipping, wholesaling, wholetailing etc-You may need a CRM to keep track of leads etc but that's really probably more for when you scale and start doing some volume.Anyway, I hope all that helps.

I think its possibly to find Multi-family properties for what you are looking for in the area, though the cost of purchase may be high and taxes, depending where you go (Essex county especially), could be high as well.

That way i can use it when i want and collect income when i'm away.So my question is is it a good idea to have a single air b and b apartment in a small multi unit buildon?

@Austin Works It's going to be tough because right now you're just a name on a list with no track record of closing deals with them.

Hi there, my husband and I have found a small multi-family that we are interested in.  

There are plenty of online tools available to help you develop a plan which gives you the ability to track progress.

A few recommendations:- "E-Myth Revisited" by Michael Gerber (this will have you working on your business instead of in your business)- "Rich Dad, Poor Dad" by Robert Kiyosaki and Sharon Lechter (this provides a more foundational perspective on money)- "Cashflow Quadrant" by Robert Kiyosaki (further builds on the "Rich Dad, Poor Dad" foundation)- "Set for Life" by Scott Trench- "Long-Distance Real Estate Investing" by David Greene- "The Book on Managing Rental Properties' by Brandon Turner and Heather Turner- "The Miracle Morning" by Hal Elrod-"HOLD" by Gary Keller (geared toward SFR)-"The ABCs of Real Estate Investing" by Ken McElroy (geared toward commercial investing)"Multi-Family Millions" by David Lyndahl (This is on my list of "To-Reads".