As someone with limited capital who is looking for a MFR for his/her first purchase, I don't really see how this financing option could be a bad thing; especially if, like me, your focus is on cash flow.If I pick up a MFR on a 5/1 or even 10/1 VA loan, recycle the profits to bulk up reserves and equity then I'm paying less to make my property a more secure investment.

Side note... discuss with your attorney the limitations of owning an LLC as an individual.

If you have a mortgage, your options are limited.

@Deb JonesAlex N.We used to use catonhosey but they were limited on providers.

If so, any price limits?

I've looked at HUD and FSBO's, but very limited amounts of properties at this time (in this area), and I hear the same for auctions . 

As attorneys, we are limited in the information we can provide as we could be exposed to potential issues ourselves for providing legal advice and potentially establishing an attorney-client relationship.

I know prices have recovered or even surpassed the bubble prices from 2006 in most areas, but supply is still limited throughout.   

We are reaching this facilities limits in terms of production capacity.

But what I found was the market for 2 beds is very limited compared to 3.