(Here you have upside with 4 units as opposed to 1 condo.)  

If the mechanicals of the home (plumbing, electrical, roof, and HVAC) are all centralized to a single unit, I think your home inspector stands a much better chance of spotting an issue as opposed to a multi-unit with multiple independent systems that may or may not be accessible due to tenants.As for closing costs, try to push the closing date until you have the funds available?

My understanding that when a second is crammed down, as opposed to stripped, the value of the note is “crammed down” to reflect the existing equity.....the holder has to take a reduced balance, and that is all that’s owed....once that is paid you are done.

Anyway, just wondering if it would make a difference being licensed as opposed to reading books and networking.

I’m curious to know what pros and cons, pearls and pitfalls exist for 10-15 unit MFH deals that involve a collection of individual houses from one development... as opposed to the apartment building type of MFH.

@Lance LvovskyI'm not opposed to going to an attorney to draft one (that's along the lines of what I meant when I mentioned pointing me to a resource to draw one up), but like I mentioned I'm not actually sure what I'm looking for at this point.

If you're not interested in volunteering your time to make your community work in the way you want it to (as opposed to the way others want it to work), I get that.

I would add that it's not a problem for banks with agents specifically, but any profession where you have 1099 income as opposed to W2. 

But never opposed to options.

A lot of times, they will start high and gradually come down when the reality of the market shows them what they can actually get as opposed to what some BPO tells them.