What loan would suit the purchaseIn my early 30s, I often wished my parents had told me to buy a house at 18.

The debate can be summarized as: For smaller properties trailing financials have many reasons to be wonky, but many believe it is a good signal of transparency and (as @Ben Leybovich points out) this higher variance is exactly why due diligence on the leases can be more important for smaller properties.Line between "commercial" and "residential" seems to be driven mainly by number of units (i.e. is it eligible for FHA loan), even though many commercial banks will underwrite loans on residential properties with fewer than 5 units (especially at larger loan sizes).Is 7809-7815 Franklin a hot deal?

Both houses we used Va loans. 

We would like to utilize a trust and LLC for this (would be a 5% down FNMA loan) if that matters. 

I guess it would depend on what the lender can offer and their loan specialty. 

I know that I need to have at least two years of income history to be qualified for a loan, so that's why I decided to do it now. 

If you pay market rent and your tenant in the other unit does too will both rents cover the loan, insurance, taxes, maintenance? 

Just a small 10,000 loan would give me some breathing room for the next month or two. 

I am interested in some loan information you may be able to share with regards to this process.Thank you Jacob!

It is going to be a DSCR loan (debt service coverage ratio).