The key with Commercial Loans is that the qualification process is different, and there's no artificial Fanny/Freddie limit to the number of loans you can have. 

I don't have any credit card debt but I do currently have 2 mortgages that I am making payments on and that is the main reason why my DTI is over the allowable limit. 

Trying to determine if a friend should purchase a condo or a house in Long Beach.He's looking for a 2 bedroom place with a price limit of about $500K (that's under the 1).For any Long Beach, CA people, what advice would you give him?

I agree that there are limited choices to learn. best to meet local investors.Chad is awesome, I follow his stuff on YouTube, how much of his Canadian experience is applicable to US?

Is there a 1031 rule that limits the number of parcels (sold a single transaction) that one can roll over to one larger multifamily property?

Cash out refi will be limited to 75% of ARV and interest rates will be higher than 3% for nonowner occupied.

.- Repaint the cabinets and add hardware.- Add a nice dresser and a mobile clothing rack.- Add a washer and dryer in the bathroom Anyway...any input appreciated.

Owning only one door and having it next door limits other deductions.

Buying from a builder or a preexisting house you may be able to finance 96.5% of the purchase price with lender.To me a very different process.So cons with buying land and building are the costs and availability of financing.Pros are you get what you want with the materials you want vs the more limited floorplans and materials a production builder might use. 

It's a great idea in theory, but it also puts you in a limited equity position on your primary residence should you decide to sell or move in the future.