What makes you an expert that the unit is in a great location & condition and the market is hot, relative to the property manager?

Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.

I would remind them that the house is in the condition in which they rented it and they accepted it as is.

Will likely take longer to close than a traditional hard money (they have to order an appraisal, satisfy lender conditions etc..).

It’s above average condition in a good location.

It was only purchased about a year ago and is in really good condition and fits the space really well.

If you're planning to sell later, Ohio requires quite a bit of disclosure about property conditions.

Normally when a  property is advertised as "cash only" the property is in poor condition and/or the seller wants to reduce contingencies and opts for a cleaner transaction.

On the plus side the rare times a Section 8 tenant moves the unit is in rent ready condition because it hasn't been ignored as occupied for 6-10 years.

I asked the GC as part of the conditional last $20k payment to transfer the title to me after his mortgage note default since I'd paid him $40k in good faith for work reportedly completed but needed rework.3.)