On the same token, will a traditional lender allow a duplex or 4-plex to be purchased with a normal fannie may or super conforming loan?

@Chris Bunya Perhaps someone was giving a very simplified explanation of how long it would take to get rid of PMI based on normal amortization.

I don't plan on living in it.1) Can I get a regular residential mortage on it (with normal rates and down payment), or do I have to get an investment type mortgage?

If so, then let your realtor do what they normally do and you guys can discuss it to work out the details of price and terms.However, if you're looking to acquire real estate investment properties, then everything depends on such a variety of factors you really need to have a specific strategy and goal in mind.

Follow normal procedure, give notice, have them vacate and remove all their belongings so that you are not liable for them and suggest they can re-rent when the work is completed.

Bringing price down is normal for clients, but I wouldn't spend time on an unapproved or unsigned bids.

I think the property is probably normally worth what they are asking but it has some deferred maintenance.

Oakland is beyond where we normally travel but it appears to have a lot of change happening over the last years.

Normally people will look to lower risk and protect cash for the golden years. 

File->Print leads to the normal print dialogue.