Unless there is an emergency situation, take a lot of photos and call your insurance agent before doing any repairs.

Or stay depending on your situation. 

I had a similar situation a few years ago, but it was a move across town. 

Hi Eli, This is a creative and potentially win-win strategy that could work well in the right situation.

Do you need to empathize with the seller and their situation?

Im literally closing a loan on Monday where my borrower had a similar situation - the borrower's ex-wife was awarded the property and assigned the debt in the divorce in 2020.

My cousin that I have been trying to get on BP has an interesting situation.

After a year you finance, it gets into BRR situation that is no money from your pocket as equity takes care of downpayment and you own the building.

They aren't going to magically improve and start abiding by the lease terms but I think there is definitely a possibility that the situation gets worse.I think that's a good point.

Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?