i'm local and can connect when your time allows.

Originally posted by @Rayan Faris:@Joe Villeneuve Thanks for your answer Joe.Someone correct me if I am wrong but there is a difference between knowingly hiring a fraud and unknowingly hiring one.

When my husband and I moved to a larger home after our daughter was born in 2022, we decided not to sell and rent this one out also.

Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont? 

It would be a live in rental.I would have one bedroom to myself with access to the common areas.

With a background in sales and a lifelong fascination with real estate, I decided to create a company that allows me to combine my passions while providing more time freedom for my growing family.

In both cases I settled with the homeowner to avoid aggravation, lost time, and expensive lawyers.

Purchase price: $325,000 Cash invested: $50,000 This time I acquired a property that needed little to no work.

(More service and many more meters.)That’s all the easy ones I can think of.

Does anyone have experience renting one out as an MTR?