Family husband and wife with kids.

Investment Info:Single-family residence buy & hold investment.

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

House hacking and multi-family properties are great ways to start in real estate!

It's creating new ways to unlock property potential and offers a pathway to profitable investments if you're targeting the right neighborhoods.Here’s the deal: SB-9 allows to split a single-family lot into two parcels and build up to four units.

Seems like such a waste but nobody can agree on a new portfolio manager as the old manager was a family friend for multiple generations and well trusted.

Probably not a lot of advantage to small MF vs single family so I would stay open to both. 

I've been fortunate enough to work with a few different property managers, but mostly people my family chose to work with.

Recently one of my clients purchased a $120k single family house and is currently renting it out for $1550/mo.

Quote from @Melissa Odom: Hi BP Community,I have a small family-owned shopping center in Wimberley, Texas.