This is an essential tool for anyone buying a tenant-occupied property.

Which if youve done flips , but not commerical multi before, you wont miss much,  however a 6 fam is a commerical code permit so there are slight variations between the residential code for essentially all trades which if you dont have a detailed plan and you dont double check every code before you do anything but rely on cheap labor to do your due diliegence for you, what could go wrong ? 

Essentially, what I'm hearing is you are wanting to take a HELOC for the value remaining that is allowed to be taken and pay off the existing note.

This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

That’s where having the right resources becomes not just important, but essential.

Consider properties within walking distance or with easy access to public transportation.Safety: Neighborhood safety is a priority for both students and their parents.

-STRs were essentially eliminated by the city, removing a potential investment class of properties-MF went from non-existent to overbuilt-Flips have been hurt by high interest rates and brutally low appraisals.

A drafter or app can get it together but you may need an Architect or Engineer if it's a life safety review/submission. 

Capitalizing on the power of referrals is another essential strategy.

Essentially all of the focus is on the approval process.