The buyer also has the risk that the seller will sue him if such does occur and the buyer is unable to retire the note.The risk for the seller has to do with the fact that the seller is liable for a note secured by a property he no longer owns.

If you secure the automotive window tinting job with a consistent salary of $60k-$70k, that should satisfy most lenders as long as you can show steady pay stubs.

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 plan on extending my wings far and wide in terms of location.

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.

@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.

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

About 50' x a foot or so wide to expose plumbing for the inspector.

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.