BUT, my business was built on being kind to tenants, and fair to owners.

Quote from @Keith Miller: Hello,My partner and I, @Brent Maier, are looking to find and contact multifamily owners.

My partner will be moving with me but I will be the owner.

@Luke H.If the buyer is living in the property now it’s a consumer loan compared to a loan to an investor and will kick in a lot more regulationsYou can’t do a balloon less than 5 years, need to have it serviced by a licensed servicer, will have to go by interest rate usury laws, collect escrow…..I would not loan on this property to an owner occupant

We discovered the previous owner had dementia which explained most of the work we needed to do, Our short-term is improving that unit to rental standard, not necessarily adding property value as he and I are still drawing floor plans for Long term.Thank you!!!

I suspect all security deposit need to go to the owner or a new PM..

Large basement and attic space, new roof and some of the kitchen is already torn out from the current owner. one bedroom does have a closet that will need built. plumbing seems fine, maybe a couple angle stops to change.

PRO TIP: Some counties will work with you as the new "owner" on code violations.

Lets start with when it does not make sense: Owner finance does not make sense when the borrower cannot afford the property. 

Rental property owners expecting high occupancy may need to adjust their timelines and rental projections.On the flip side, this delay also presents a unique opportunity for strategic investors.