The fact they're paying you at all is a minor miracle.

Hi All,I run into this all the time.

I haven't reviewed the Standard Lease Agreement yet, but all I need is the right to sublet, and possibly some negotiated capital responsibilities (owner pays for repairs over a certain amount or split responsibilities on certain expenses).

Hi all,I am thinking about buying a Duplex that might have the ability to be converted to a Triplex.

That all is changing now, ever since Hilco Redevelopment Partners purchased the property in 2020, and received concept and development site plan approvals in 2022 and 2023.

When all is up and running and humming, it is also probably between 5 - 10 hours (3 properties).  

And the best part of all is that it is NOT Nigerian!

However, it all is market-dependent.

Down payment on FHA is 3.5% so you’re not wrong there and safe to assume another 2-4% for closing costs BUT you can negotiate seller assist to cover bulk of the fees if not all. I

If all I had ready to deploy was $60k I'd put it somewhere until I grew it to a more substantial number. $60k doesn't buy a whole lot these days that's not going to come with a pretty substantial amount of risk.