The mortgage is $1400 and the house is worth $250k.I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.The house is close to my work place as well.Please, does anyone has a thought on this?

Has this changed?

Is this even a thing? 

This is what I have so far I plan on posting this to our local real estate investment groups and also on Facebook marketplace in my area.

I would save more prior to jumping in, even if it is a primary residence, this is because the rehab is always more than you calculated. 

Are you seeing this recently?

How can I structure this deal to protect my interests?

considering this as an investment option and curious to experience/advice from anyone who has done this or is actively doing this?

My grandfather, along with his twin brother, were home builders who transitioned into building and managing a significant multi-family portfolio, which remains family managed to this day.With my personal family background, as an agent I have largely engaged in the multifamily space working with legacy owners in the sale of their properties - from 6 unit, single building properties to 19+ unit, multi-building properties.

It's clear the Sponsors are shifting income to itself, but it is very difficult to know how much or make heads or tails of this.