Those were not always a great option. Some people had nothing to do with the military and the FHA charges and monthly mortgage insurance premiums (the latter cannot be removed if the term is over 15 years).
Not to mention that for 3 and 4-unit properties, 75% of rents had to cover the housing costs (self-sufficiency rule).
Not to mention that you had to live in one of the units, no investing allowed.
Freddie Mac has changed its rules to allow borrowers to purchase 2-4 unit buildings with as little as 5% down. … More