Feel free to use me as a resource for any loan related questions that you might have.John

The only issue is my job is 2 hours away from the triplex, by September I was looking to transfer and find another another job down where the triplex is   When I apply for my loan would i be able to apply as owner occupied?

However, I also have student loans of 123k with fixed interest from 4.3-6.3% and a car loan of 25k at ~8% rate. 

I since have learned about the 5% conventional loan option and is a loan I would like to leverage to purchase a 4plex. 

Consider financing options: If you need to secure a loan to purchase the property, you will need to work with a lender directly since there won't be a real estate agent coordinating the transaction for you.5.

This deal was financed with a 20 percent-down, 5.5% investment property loan from my own bank, with a giant balloon payment at the end of 6 years How did you add value to the deal?

This deal was done with a conventional loan with 25% down.

A few years ago, we purchased a 5 acre piece of land that already has a foundation and septic, hoping to eventually obtain a construction loan and build a home.

Looking into cash-out refinancing and DSCR loans and all of that but I'm getting ahead of myself as I don't even have the 1 yet lol.Nobody in my family has any experience with this sort of thing so I'm just hoping someone can give me their opinion on if this investment makes sense.The home is currently being rented for 2900 total (all tenants are month to month and have been there about a year each) and my monthly costs would be 1,200 included taxes, insurance, mortgage etc.I am considering putting the home on section 8 because the fair market rent would make my monthly rent 4k+ but I'm weighing the pros and cons on that avenue.From what I understand the biggest costs to me as a home owner would be a new roof or fixing the pipes for any reason..

Then when it is complete, have property appraised and refinanced to pay back the hard loan from my Mother or other lender and because I overfunded, receive cashback at closing and either pay back into the new loan or wait for another deal once I get renter in on this place with me.My hiccups will be my income to qualify for the new loan, and the fact that I have an existing mortgage which affects my DTI right out the gate.