Hello @Sheldon Peart  If you need financing to purchase a residential property with 5 doors, you will need to get a commercial mortgage. 4 key factors affect the value of your home: Location of your homeSize, age, and condition of your property, including any renovations or updatesThe housing marketThe economy and interest ratesHere are 2 ways to help you estimate the value of your home:Talk to real estate agents – They may estimate its value for free and should be able to tell you what other homes in your area have sold for.Pay an appraiser 

If you have a vacancy in a single family rental, you have to pay the mortgage and expenses yourself until you get a new tenant.

So how do you connect with a mortgage broker for this?

I had 1 guy who was making $200k a year but could get a mortgage because of his bad credit. 

I have a meeting with a mortgage broker I bought my primary residence from set for this Wednesday.When my wife and I bought we told her we would want to buy rentals.

At the price point of our properties, it ends up being a little over the 6 months of mortgage payments per property that the commercial lenders in my area like to see prior to lending on additional properties. 

@Justin Hudson if you decide to consider house hacking to start out (and you don’t currently own), VHDA does first-time homebuyer mortgages that are 0% down depending on income restriction limits.

Hard money scenario that size, you either need to a) find a mortgage broker that'll do you a solid and send it to a HML that she sends a bunch of business to, who will do her a favor, or b) private funding.

@mark woodThey can/should be able to Get a new mortgage against their current property for about $240k (about 80% of current appraised value.).

I was considering paying the entire rent amount towards the mortgage anyway which would have me paid off in 7 years.