In 30 years talking about buying a home for 100k will be like telling stories about when you could fill up your tank for 85 cents.Also very hard NOT to cash flow when buying homes at this price point.

However, in 5 yrs if the property value has tanked, and I can't secure financing then I'm caught between a rock and a hard spot and could have to forfeit the property if the seller opted to raise interest rate, etc. 

At some point you can sell the items and use the money to pay storage fees.

I'm thinking of using a lawyer to apply for zoning/use variance but I'm not sure whether to keep it as a 5 unit house or combine 2 of the units, or convert basement into laundry + storage rental and make it 4 units.Price-wise it's a really good deal.

Hi all,I have heard that garages are always a plus to have for SFH's, but what if there is street parking and room for storage in a basement or shed?

We are the largest sq ft in our "section" of the neighborhood and offer more storage, bed/baths, updated kitchen, flooring, fixtures, paint, fenced - but we don't have a deeded boat slip, just community lake access.  

I have new cabinetry for the kitchen in storage.

The point to my statement is that the market would have to absolutely tank like one of our depressions to cause an issue coupled with you being stretched too thin with your line.

I just got a call from a couple that owns a self storage facility and gave me an amount that they would sell it for.

Both Seller and i would prefer if I address them after closing, but I'm wondering if the issues would prevent a conventional loan from being a possibility:The deck is definitely unsafe and needs to be torn down.There are three moldy ceiling tiles in a storage room that is NOT part of the heated living areaThere is some water damage in one of the basement bedroomsThere is some evidence of some termite damage in one room but appears to be inactive/not extensive.Does this sound like a conventional loan, as-is sale deal killer?