@Olivia BlakeGlad we were able to help.  

At that time we could renovate the ground floor apartment and potentially turn it into (2) apartments for a total of (5).My questions come down to how do we deal with the existing 40k mortgage, whether we can make it work so her parents aren't paying much in rent, if anything at all, and whether or not we set up any legal entity, like a trust to help the legal situation of paying off her sister down the road. 

I started this a little over 3 years ago now.I think thorough research, and data will help make educated decisions, and the real winner in this market is finding a mix of at least 2 of the four:  Off market discount, fixer upper, lowball on market offer, or seller financed/subto.Also if you are planning to do it in a populated area I also think its good to take on the idea of not cash flowing for a few years, and also considering air bnb if you want to reduce costs even more.

If you ever need help, I’m happy to assist!

We all have limited time on this earth, with loved ones, to experience all the world's wonders, to help others, to try to leave the world better, etc.Best wishes

Could a return to independence help lower mortgage rates, or have other positive effects?

HiDoes anyone know which companies that are willing to insure multiplexes in California, particularly coastal Oceanside, CA?  I am currently with State Farm but they will not renew the policy after May 2025.  I am beg...

And of course, getting financing squared away is key so you know your price range, which will help narrow down locations and strategies.

KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

I am sure you will find lots of help down that path here though.