But 3) Try multifamily specific brokers, crexi and loopnet, although 2-4 units maybe scarce. 4) A home equity line of credit is a good source of funds however it will generally make your overall monthly payments higher, so unless a deal is very solidly cashflowing, a HELOC may put you into negative cashflow. 7) Typically electric/gas are paid by the tenant - however this isn't true across the board. 

@Drew Sygit, Last November Fannie Mae began accepting 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.

Living in one unit and renting out the other helps you scale quickly because you need a lower down payment for a primary residence. 

The analysis is targeted to small time DIY landlords with 1-5 properties with minimum requirements to be able to do the following tasks online:  Listing/Syndication, Applications, Screenings, Leases with eSignature, Payment Customization (i.e.

As with any insurance you need to weigh the cost of doing the repair yourself vs the cost of the premium payments.

BUT I still understand the point that most people made, these are not concrete/stick built structures with conventional building methods, and it is owner/operator, and it's a volatile industry, and its 50min from the Gatlinburg hotspot, and the main house is a double wide, etc.I guess my dream would be that an owner that wants to live and work in one place can buy this property, live in the main house and self manage the property.

Then, I am using Rent Property Calculator and mortgage payment to estimate if the property can yield a positive cash flow.

@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.

I would probably structure it as debt like a loan and possibly break it up into quarterly payments or whatever you think will work best for you as far as repayment. you can get creative....

The down payment to acquire this sub to is $25,000. so you give them $25k, you take over a $70k mortgage and they are going to pay $165k in a few years - if you will not do this deal send it to me I will do it.