Me 21 and my husband 24 are looking to start investing in multi family, our plan is to buy 3 or 4 unit properties, live in one unit and rent out the others one year at a time until we have a cash flow good enough to quit our jobs and have children.

Then when I moved out and rented both units!

These programs allow you to buy a 2-4 unit as well but it just has to make sense and thats a fairly easy thing to map out in most cases.Hope that helps a bit...

This criteria is for 1-4 and 5-8 unit programs.I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

.), everything is hidden and not self explanatory.

Its only a few numbers.I self manage my rentals and I've just used my phone and jotted their numbers down on my spreadsheet corresponding to the property. 

You have to do more due diligence, if you buy based on marginal cost of entry/size of unit rather than value you might have a tough time.

And lots of other goodies, which I won't bore you with cause it will sound like self promotion, which isn't my intention here.

“Multifamily” in real estate typically starts at 5 units or more, where 2-4 Unit properties, even with multiple units, is typically in another box.5-10 Units: If the properties you are looking at are more than four units, then the options are likely going to be a bit different.

We will also likely be needing to replace some AC units this summer - that could be a few or maybe up to 10.