If I understand correctly; the seller would receive 80% ($40,000) directly from the mortgagee at closing and would enter into a personal agreement with me for the 20% down payment ($10,000) in which he would be reimbursed separately from my mortgage payments at a separately agreed upon rate and term?

Network with local investors to understand what formulas they're using.3.

Hi Hellen, not sure I understand what you are saying.

Quote from @Max Martynenko: Thanks for your understanding and sense of humor!

Why ask: This helps you understand how many people have succeeded under their mentorship, giving you an idea of the potential outcomes.

I am looking to invest in Scottsdale, Tempe, Phoenix, or Mesa and want to learn more about analyzing multifamily deals, understanding PHX market trends, and house hacking in general. 

Until you have $1 million or more in equity and really understand how to use an LLC, I recommend you just buy an umbrella insurance policy for $1 million.

I hope this helps you have a better understanding. 

@Brett Coultas if you're a newbie, you want to be careful of an "investor friendly" agent selling you something they truly don't understand:(95+% of agents only know how to handle owner-occupied transactions - you can verify this by asking them calculate ROI for you or Cash-On-Cash!

I have a referral I can send you, I recommend going with an individual with experience in co living rather than a traditional company who doesn't really understand the model.