The guy who had power of attorney for the sale told me that the old lady who had the house kind of lost it and filled the truck top to bottom with household trash that had sat in the truck for years.

Nor does the level of demand for MBS or credit default swaps.Additionally, mortgage debt owed by U.S. household was > $12 Billion before the housing crisis in 07/08.

Because he had a mortgage of $6k/mth and a car note of $2k/mth...in addition to his other household expenses. 

I wondered why the City of South Bend would hire an out of town company for the study until I looked at their national client list which includes over 450 reports for builders, developers, cities, non-profits, planners, investors, lenders, small companies and development subsidiaries of several Fortune 100 companies.You can read the report here https://www.southbendin.gov/sites/default/files/fi...The report is mainly about the residential market potential of downtown South Bend but the gist of it as it relates to your question is that on page 5 it states that approximately 60% of the households in the entire City of South Bend are owner occupied and 40% are tenant occupied.The US Census Bureau data confirms this with their latest data showing appx 59% owner occupants and 41% tenant occupied here:  https://www.census.gov/quickfacts/table/PST045215/...

My usual approach is to find 3/1 or 3/2 single family houses in a good school district, but my budget will be rather low for this move since my family is staying in OH and we'll be running two households. 

@David Krulac  so when you use that math the average household have 3.4 people in it or a little more ERGO more houses than peeps... including LeBron who clearly skews the numbers

I am the head of a single-income household of 4, and after accidentally discovering BiggerPockets and Robert Kiyosaki, I've decided to move my family into my in-law's place (from Garfield to Bergenfield) in order to stop paying rent and begin saving serious cash for investing in the near future.I would like to start off with a duplex/triplex/fourplex as primary residence while collecting decent cashflow.

I also think the price have a lot of room to appreciate due to the relative affordability of housing relative to household income in Charlotte.  

Demand for multifamily housing is forecast to remain high, as Millennial household formation continues and Boomers seek to downsize and re-enter the rental market.

Which isn't bad at all considering the median household income is roughly 54k.