So the pretty bad news at least according to my UK tax advisor is that the buy to let tax law change here in the UK extends its long arms abroad.

Since reasonably priced triplexes or greater seem to be getting hard to come by in the greater Bangor area, I've expanded my search south a ways and found there to be a bunch of multi's coming on the market in the Augusta area priced pretty reasonably. 

They're pretty flat.

From what I have read, however, competition for MF is getting pretty heated, so I guess you'll have to check your local market.We started with SF and that was nice because we could kind of gauge the maintenance, repairs, and capex expenditures from the beginning. 

I say possibly because the particular neighborhood has some pretty wild price swings on seemingly comparable houses (I mean swings of 100% ore more!). 

Pretty good experience w/ them

I have never bought new construction but I am pretty sure you can't get 2000 sq ft home for upper $600K in Hayward right now. 

From what your numbers are showing, it looks like it could be a pretty decent deal for your long term buy and hold position.

The loan officer there might be pretty nice but they are hitting you with what we call an "OVERLAY". 

And thank you @Steve babiak I was pretty sure, but always worth confirming as I'm looking to put a tiny bit of capital to work.