Seller financing can be a fantastic way to get into a 4+ unit property, especially in a competitive market like Chicago.Have you started reaching out to owners directly or networking with agents who specialize in multifamily properties?

Balloons are not allowed to owner occupants, but you can raise the interest rate at 5 years.You should be able to at least get out clean in Austin.

I'm a central CT based investor, flipper, and property management company owner. 

If this is for a residential 1-4 unit non owner occ / investment property I would compare a few different lenders.

I was recently able to acquire a property that cash-flowed day one thanks to owner financing. 

What is your average work order cost for the owner?

I have home owners insurance should i buy another landlords policy as well?

Hey Brody,If you plan to purchase a duplex, I'd consider buying it as owner occupied and rent at other unit.

BUT even then, the contract is valid, it just violated Portland regulations and the owner would owe the tenant the local Relocation Fee (penalty, which is steep). 

Ask to speak with some of their current owners and current/former tenants.