Remember there are 4 ways you are getting ahead by owning a small multifamily property (houeshacking initially).1.  

Remember your situation is unique so it's important to consult with a tax advisor or CPA to explore all available options and ensure compliance with tax regulations.Thanks!

We're open to other strategies, but believe that sounds the most ideal so far. 

Aloha Joshua,  I deal with clouded/messy titles often and it's not my first choice as its froth with a lot of time, costs and risks. 

Hi Max, a good rule of thumb is to start with your target market/ideal guest.

When I see deals that do pencil for an investor, the LTV is 60% or less (I deal with mostly retail and industrial). 

I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.

That type of property is ideal. 

In the meantime I would love to have some helpful information or ideas to share with the buyers when we meet and ideally an agreement/contract we could fill out together once new terms are agreed to and then share that with the attorney so he could draft up the formal instrument for recording.If you have experience with this type of scenario, I’d love to hear any recommendations you have or any helpful resources you could point me to for the appropriate paperwork.Under foreclosure laws, you have to send appropriate notices and try to work with the borrower and offer a loan mod before foreclosure anyway. 

Ideally we would love to live in my childhood home.