Financing a 5 family purchase?

Categories: Mortgage

I am far from an expert on loans and I’m interested in purchasing a 5 family house to live in and then receive income from the rentals on. Can anyone explain to me the difference between a 4 and 5 family in terms of financing? Does a 5 family mean FHA is not a possibilty? Also, am I free to get free market rent on the 4 rental units in a 5 family if it is delivered vacant? Thanks for your help!

By swade | 05/25/2009 4:42 PM