Hello bp members,I was just browsing at 2am and I came across a town house in the area that I am actually looking to move to in my city.

I’ve actually went through both of those scenarios this past week.

It seems like a lot of guys are working under someone who has a license, but they are actually running the show.

I think @Ryan Paltridge would agree that one of the best places to find a great lender that has experience in the owner-occupied residential 2-4 unit realm (and can actually close the deal) is through an agent who has experience in the same types of transactions. 

The reason my offer was accepted over another was actually because I didn't require this

They could have one unit that's actually set up as a 2-bedroom and is recently remodeled that they get $850 for and another that's a dated 1-bed and only $520.

We went with the cash out refi b/c we liked the terms better, but the actual terms you are offered will vary.

Is the agent that owns it also the one actually selling it?

The actual management of the property does not take up a significant amount of time (depending on the quality of tenant and property- I would suggest both being good to great) but leasing the property does take special skills that are better "contracted out."

I applied for a Cash Out Refinance with the bank that holds my mortgage.In an effort to actually enjoy my life and spend time with my 1 year old son as he grows up, I left my job at a Fortune 100 company to own a business where I make very similar money working about 6-8 hours/week instead of 60-80.The next step IS real estate investing.