Lastly, I'm not on here to talk trash about WealthAbility and their so-called managers, but instead I am sharing my unedited honest experience in hopes of helping my BP community from committing the same $25k mistake I made.

Since last year of November, Fannie and Freddie has allowed borrowers to put min 5% down for conventional loans and being able to invest multifamily up to 4units.Also, the beauty of FHA is that it allows you to put 3.5% down payment to invest in 1-4 units.

Fourth, a perfectly good tenant with good references and track record can turn BAD - divorce, job loss, pregnancy, etc.  

Something to consider if you appreciated a lot in the last few years. 

@Mario MartinezSell it - eat your losses and move on.

My last quote was 6.65% I use cbre or marcus and millichap to broker they charge about 10-25k to broker the loan.

@Megan KlaegerIn short, the partner owns nothing if they don't partake in any risks/losses. 

is this feasible store or loss leader?

We did the same thing last year because it made more sense.

Last month I closed 6 loans in the 7.2 - 7.5% range with no buy down, max LTV.