That can be dangerous so I would only do it if the deal looked REALLY good and I REALLY wanted the house.

As to some of the questions being asked or opinions being given in relation to all the new laws and rules, most of the time it is impossible to "provide complete details" for the following reasons:For me, or anyone else being compensated for their knowledge, expertise, and experience, there are real dangers in giving solutions in any kind of public forum in the form of unrestrained liability.

This is an issue that wasn't adequately conveyed to the OP, which illustrates the dangers of taking unlicensed advice.

So long as you're not putting them in any kind of danger, you're probably doing them a favor.

So I won't mention the pitfalls, risk and overall dangers of partnering with family, it seems that you have already made up your mind about that and it wasn't the question.

As I consider myself knowledgable enough to be dangerous, I'd actually like to buy a smaller multifamily of 5-20 units in a solid yet affordable (not coastal) market. 

Bottom line is the explosive growth of the last several years is not sustainable indefinitely.

Originally posted by @Danger Brown:The banker is speaking from his perspective.

That's worth something.I completely understand that turning over 30x your original purchase price after holding something that cash flowed for decades is a dream for many of us, but losing sight that you have to be able to operate these properties as a business on a day-to-day basis can put you in a dangerous spot.

A dangerous combination indeed !