Generally 1-4 units have better terms compared to 5-8 unit programs. 

However, with any course or program, it’s essential to approach with a bit of caution. 

Can I ask what sort of property management program you use to keep track of each of your rentals? 

There was nothing I could do about it.We are always at the mercy of tiny government politics and power struggles.

Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

I would be totally open to it including an accounting software as well where I can see financials across all my properties because I'm tired of my current accounting program, Wave.

Jamie,You can buy the other lake home using a 15% down investment program or DSCR. 

Going to be interesting to see what sort of impact the new Government's mass deportation policy has on rents and construction costs.  

Now it used to be if you got a job with the government and could count on a fat pension then life could be good and with a few rentals excellent.

More info on what goes into DSCR rates and overall program details:DSCR loans won't use your income to underwrite the loan.