Help me understand our financing options

[Slade S.]

Your goals and story: I want to own a small multifamily that I can live in and manage. I have my father willing to help in any way.

Type of property: multi-family (2-4 units)

Location of property: North East PA

Purpose of financing: purchase, upgrades/reno

Type of financing sought: Not sure

Current or prior ownership of real estate: I carry a note on 10 rural acres (I collect $200 a month) and own another 5 acres worth about $20k, both in OR.

My father owns his SFH in PA, about $250k.

Occupancy: I am looking at a 2 unit with tenants already there, but ultimately I would like to live in the house.

Value of property at present and/or your offer price: $80k

After repair value: $100k

Anticipated or actual appraisal issues: leaking roof, roof repair needed

Current rents per month: $1600

Fair market rents per month: $2000

Down payment or equity: I have $10k for a down payment

Source of down payment funds, if applicable: gifyed funds

Income Source: I am collecting $200 month from carrying a note, plus $1500 w2 but no history.

My father has pension, SSI, and $2000 w2 a month.

Gross monthly income (optional): $

Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $150

FICO: not sure.

Credit issues: I have a low score (700), father has excellent credit