For as long as I can remember, purchasing property or investing in a multi-family unit has been on my bucket list.

Albert asked about filing a lawsuit against the tenant, which apparently involves a tenant's complaining of personal injury resultant from being in the unit. 

@Giovanni Luna Use the TREC purchase contract for single family 1-4 units

Typically 5 units or more are considered commercial.

Generally 1-4 units have better terms compared to 5-8 unit programs. 

Hello all, Wanted to get your feedback.Our company has recently purchased a six unit apartment building in Dupage county of Illinois around middle of November 15. 

If you have a commercial residential property (>4 units), the value is based on NOI.   

Quote from @Andrew Steffens: I just use 1 card for 65 units (managed) and 1 card for 8 active rentals owned. 

Here's the terms:FOR VALUE RECEIVED, XXXXX a limited liabilitycompany (hereinafter referred to as "Maker*), hereby promises to pay to MY NAME,whose address is redacted (hereinafter referred to as"Holder"), or order, the principal sum of $XXX,000.00 in legal tender of the United States, accruing interest at an annual rate of 18.0%.

Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.