The most common approach to purchasing US real estate as a Canadian is by utilizing an US LLP or LLLP, with the investor as a 99% Limited Partner, and having another entity (such as Can Corp or US LLC) as the General Partner at 1% to limit liability exposure.

One month of vacancy costs you the mortgage payment, utilities, landscaping, etc.

When I close on the house will I end up having to pay for his utilities too while I wait for the eviction process to go through?

In the realm of real estate investing, encountering obstacles with leads and conversions is a common experience.

Google "ADU Sitework & Utility Costs: 10 Hidden Costs."

This is common when a borrower moves for work reasons​.Increase in Family Size: If the borrower's current residence becomes inadequate due to an increase in family size, they may qualify for a second FHA loan.

So something no one else has mentioned.....The BIGGEST reason you should always utilize an agent when purchasing a home is Liability and legal responsibilities.

The building was built in 1965 and was remodeled in 2011.Seller is asking $300,0004 units - 900sq ft each - currently rented at $700 per unit - Tenants pay all utilities except water/sewer which averages $250/month.Insurance is $1,600/year and taxes are $2,600.It makes sense as far as I can tell.

This will keep you organized and help you scale your operations.Virtual Marketing: Utilize tools like direct mail, cold calling, SMS marketing, and social media ads to generate leads.

Yes he has to buy the spouse out, either through sell, HELOC, or refinance and then the question being with the equity how would you best utilize that for starting into real estate investing?