Both homes are owned by the same family that have hit financial stress and they dont want it to go into foreclosure.

I understand the overall concept of it but since this has never been an avenue I have used it's unfamiliar and foreign to me.

We used a HELOC on our primary to purchase and begin renovations on a duplex nearby, and just this month closed on a fourplex that has a couple units rented, and a couple that need full demo/flip (which is now in progress).I'm taking some big swings and really having a blast doing it.

Guess what, it reappeared  about a year later.

Or, if you put several Class D tenants in a Class A four-plex, what do you think will happen to the property?

-Why don't you ask your current PMC if they can do the same thing?

How did you overcome it, and what did you learn from it?

If you can help with the terms of the mortgage I could better assess how I would work on this deal.Have you considered lease option in it's current state?

You also could find a partner to do the operations so you can avoid the parts that stress you out.

Thanks for telling us about it.