If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

Quote from @Holly Radice: I am looking into purchasing a 4 unit in Ohio as my first property.

Quote from @Landon Sheveland: Hello,My wife and I, are attempting to purchase our first property.

Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.

I saw how that proposal is basically her giving me a 0% loan, but at the same time I believe that structure will avoid her taking a large loss (approximately 30k if she accepts a 300k offer).I do not know why she doesnt get a PM, I only share the facts of when she purchased it, the purchase price, and the reasoning she shared with my realtor as to why she is selling after such a short time period.

Purchase price: $265,000 Cash invested: $200,000 1930’s historic home with a converted garage.

What would be the best loan option for purchasing another property under my name that I’ll be moving into as my new primary residence? 

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

I am in the same boat of either 1031 exchange or refi some of my small multi's to purchase a larger complex.