As I have mentioned before, FHA loan limits are higher for multi-unit buildings. These can either be purchased as tenants in common, or to live in one unit and rent out the others. Here is a story from today's New York Times that shows how this can be done successfully in San Francisco, with a minimal down payment: only 3.5% down!
Please note that our firm is featured rather prominently in this article. Kudos to us!
http://www.nytimes.com/2009/11/20/business/20limits.html?pagewanted=2&_r=1&emc=eta1
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