Unless the seller is offering to buy me one, I would pass.First, find a good home inspector and/or contractors to figure out the deficiencies in your house.2nd.

If the problem continues and this aesthetic deficiency continues to be a matter of concern, then there are ways of resolving it , but the methods to implement it are of a considerable level of expense.

There's limited multi-family inventory in Houston in areas where most people would want to actually live themselves, and even if you do find one, it will probably be older and require some repairs/updates, which may not be a problem for you, but you'll have to find a lender who can give you a rehab loan, or look for the elusive property that passes a lender's appraisal process and doesn't have any major structural or system deficiencies.

I suspect conditions are mixed or deficiencies have not been disclosed or fixed.

If you run short before the investors achieve their preferred return, their deficiency may carry forward (if the preferred return is a "cumulative") to be made up in future years of company operations or you may make it up from equity realized on sale of the property.

Also, and just as important, the bank does not want to be put into a position of being accused of selling lower than fair market value to an insider, increasing the deficiency that might be owed by the borrower.

I have 4 SFR investment properties and have wiggle room to do conventional financing, but REI requires a large amount of capital so how did you overcome this capital deficient dilemma...did you turn to partnerships, syndicating, something else altogether?

In most cases; doubt, indecision and fear come from a deficiency in your education and knowledge. 

So it gets very complicated - and although I have never seen a mortgage company foreclose, I have seen them sue people for the deficiency after foreclosure AND the amount that is forgiven is taxable.

... continued from above 5 - i have two properties i purchased from the bank who had foreclosed the owner.if bank files a deficiency judgement against the owner - owner gets 6 months from that date to redeem.so - how do i know these properties are not going to be redeemed now.does title insurance automatically mean that property must have been outside the redemption period?