This criteria is for 1-4 and 5-8 unit programs.

Your biggest advantage right now is the ability to use FHA / owner occupied financing programs while your living expenses are low.

As a lender, here are the programs I can support investors with:• Conventional loans• FHA, VA, USDA• DSCR Loans (short-term rental + long-term rental)• Fix-and-Flip financing• Bridge loans• Construction & renovation loans• Ground-up development financing• Portfolio loans• Bank Statement & Non-QM options• Down Payment Assistance programs• Cash-out refinancing for both residential + investment portfolios I’d love to connect and be a resource as you continue scaling toward 100+ units.

It is all about whom you know.Multifamily residential is its own animal and with the recent administration changes with commercial agency, those programs have definitely loosened up a tad, especially on the experience requirements. 

Later, I signed up for the premium program with another person, paying $10,000 to Multifamily Mindset for mentorship, expecting to split costs.

I think your next best move is to speak with a few different lenders, so you can understand the full range of financing programs available to you.

I have read the many messages we exchanged over the time you were in our program more than once.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

The best STR programs for DSCR loans are those that will use the AIRDNA rents and then the guidelines will usually apply a 20% "expense factor" that covers the expenses that the lender is predicting will eat into your profits such as cleaning, furniture and management fees.

Both programs have "hits" based on the scenario where that minimum may increase.Collateral - must be in good condition, no outstanding repairs, open litigation, any renovation/improvements must be well documented, etc...