For the multi-family, I was thinking of using a conventional loan since Fannie Mae now has that 5% down for multi-family units.

Hey @Justin Brown I have a great househacking spreadhseet that captures the ROI and cashflow both for the short term and each year after until the loan is paid off.

Cashflow is often pennies on the dollar of loan paydown and long term appreciation. 

If you have good credit above 740 and have 25%-30% to put down it’s really not a difficult loan process. 8 Units typically will offer a 1.25% DSCR ratio which is required in most cases but the approval is going to be based on the rents.

Hello Fabio,I like the Austin TX and San Antonio since I do a lots of loans in that area of the USA.Something to not Texas has no state Tax but their property tax is higher than other states. 

Feel free to reach out anytime with loan related questions. 

my wife would assume the loan, and quit claim deed her mom off.

Duplex is still a possibility but with the amount of the loan (250K) I got, the non-SFH option is a little limited.

I don't know how the 401K loan works, but I'd start by paying down the high interest loans. 

Does anyone if it is possible for us to get a owner occupied loan where in my girlfriend will be the resident of the home, and I as Canadian can also be on the mortgage application as well.