I would and others may, feel that while a few extra bucks might be nice it doesn't pay for the difficulties it may cause.

Just remember Neil, you may find a nice deal in SoCal, but there inherent difficulties with being a landlord in CA, tenants are generally treated as endangered species by the courts, one of the reasons I haven't been excited about buying more SFR's in CA.Andrew

If the house is located in an area that is attractive to NY commuters you should have no difficulty.

Foreign money has been flooding the land of milk & honey because many nations are jumping out of their skin in joy just to save their money from inflation.

,Most banks want you to have skin in the deal, and most will ask you is the down payment borrowed money, and you don't want to lie that is consider mortgage fraud.

If he is having financial difficulty and hasn't been paying the subs, they can and will seek their payments from you no matter what your contract with the GC says.

If you talk to the average bank, they generally are not going to know much about MF underwriting.Virtually every lender (commercial, MSE MF, even private lenders) are going to want your "skin" (dollars) in the deal unless this is an astoundingly good deal, you have extensive experience, or can substitute other substantial collateral to bolster the deal.

It's not going to be a creative financing class but what it will teach is the use of assets which is what creative financing is based on.As to difficulty, it's a class usually offered at the 2nd year of undergraduate work in college.

@Carlos Pringle there are a lot of ways to skin a cat.

@Cyrus SidhwaThere's more than one way to skin a cat.