Plus, multifamily properties often qualify for owner-occupied financing options with lower interest rates and down payments.As for timing, here are a few things to consider:Market Conditions: Keep an eye on local market trends.

If there is demand and the market supports a market for mobile homes, it could be an opportunity.

Many states have laws about what an investor can and can't do when homeowners are behind on their payments and in the pre-foreclosure stage.By the time a pre-foreclosure home is listed by the real estate agent the home would like be sold at market value.

Whatever works for you and your market!

new construction gets valued at a way higher premium. this is a false statement. new construction will always beat existing Very market dependent.

All end buyers can see it on the market now and can buy it direct so what would the point be of you locking it up on assignment and then asking people to come back and buy it when they already could have bought it without paying you spread in the middle.

Every market in residential zoning has an expiration date, we just don't know what it is yet.The obvious solution is to buy in already regulated areas with tourist/commercial zoning.The returns are lower, but at least they can't go to zero overnight.

The Cleveland market would allow you to hit those numbers easily.

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?

Check with your lender about any owner-occupancy requirements tied to your mortgage.Market Analysis: If you plan to rent it out in the future, take a close look at rental market trends in your area.