You might want to consider buying an existing property with your $30k as a down payment.

BUT, it would be subject to the existing $160,000 mortgage balance carrying a 2.75% interest rate.

Unfortunately, I don’t have that same advantage, so I’m looking for advice on how to raise capital without those existing connections.Here are a few questions I have:1.

Every day, the Chemical Plants (Dow, Shintech, etc.) and residential neighborhoods that surround the site of this location provide a high traffic count.A great opportunity exists for a tenant that is willing to market their business to travelers of Hwy. 1, the residents in the surrounding neighborhoods, and neighboring communities.How did you find this deal and how did you negotiate it?

Just wanted to chime in real quick because we considered investing in that area a few years ago.Today I look at the existing cabins, and a lot of them look fantastic. 

For many syndications, particularly single deals, that timeline doesn't exist.  

It actually isnt horrible depending on how much your taxes and insurance are, and if you are willing to buy the rate down to make cash flow within a few hundred dollars of your existing mortgage.  

While there is less multifamily stock than in the Northeast it does exist and deals are out there

I am curious how other people buy multiunits for owner occupied, since everybody will face the same problem that want to live in one unit and need to break a lease BEFORE the closing.Thanks for the help If they are on existing leases they cannot terminate a lease, only if it is month to month.

If there is an addition that is not part of their diagram that would be an indication that the issue that concerns you may exist and then I would look further to see if there were permits for that addition.