Even though this wouldnt be purchase money financing, ultimately your loan would be secured by a dwelling, rather than by real property owned by a commercial entity for transactional purposes.

I believe I can demonstrate that the property was originally used as a two-unit dwelling, which could strengthen my case.I want to ensure this deal is still viable and that securing the proper permits is realistic, as my financial projections are based on this being a multifamily property.

I'm eager to see you evidence that 50% of the population receives social welfare programs excluding Social Security and Medicare.

It also means that your renters will want to vet their subletters carefully to ensure they get their security deposits back, etc.

@Carl Rowles we screen all tenants exactly the same, but know several of our local competitors cut corners to attract more S8 applicants - waiving application fees, security deposits, etc.You can try to weed out applicants that have poor "house maintenance" skills by doing surprise zoom calls and asking them to show you their kitchen, bathroom and another room.

I like the added security with doorman and onsite maintenance but know the assessments can be high.

You could also consider a small security deposit as well.

Security-  Either gated community or onsite caretaker needed.5.  

I know I may need to start securing that first in the future, but I am here now.

Don't be alarmed by the old schoo, suspicious-looking site, it's completely legit and full of amazing tips on getting started with flipping.