A kitchen fire in the back unit got a little out of control and burned up to the roof.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

You can 100% use an FHA-203k renovation loan on multi-unit properties up to 4 units. 

Good grief you're wanting to sue because your unit didn't rent?

That means that you can buy a property with up to four units, since this is still considered residential.

The current monthly payments from all units will remain constant for 35 years, but obviously the value of those payments will be worth far less 35 years from now due to inflation.

Seller financing can be a fantastic way to get into a 4+ unit property, especially in a competitive market like Chicago.Have you started reaching out to owners directly or networking with agents who specialize in multifamily properties?

Lastly, ADUs are allowed for NON owner occupied properties, opening this strategy up for investors who could convert a SF into two units. 

However, I do have a lender that can conduct an entity transfer with a commercial loan from 2 units and up.

Investment Info:Large multi-family (5+ units) other investment.