Expect to keep paying.

Rent is around $130k  per month. 

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

And if the buyer defaults and stops paying, then you just foreclose on them just as any bank would foreclose on a buyer who stops paying.

Not a lot to add here, just the simple advice to make it as easy as possible to pay rent. 

You would pay $950k for that property because it’s a deal based on today’s value?

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

You can create an account to advertise yourself as a host or a guest (or both) and get matched with others.

My guess is that you will pay less per month with multifamily than a single family. 7.

See the illustration below (click to enlarge).Goals“If you don’t know where you are going, you might wind up someplace else.”