Any time you are not living in the property it is more risky for the lender.

@Akil MitchellFrom my experience, when buying a property, it's crucial to assess local building codes, potential de-conversion costs, and permit requirements.

For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.When it comes to the book series I agree with you that the order doesn't make sense (having read both).

Im open to conventional financing or seller financing.To find properties, you can network with local agents and brokers, join local real estate investment groups, use online platforms like Zillow, Realtor.com, and Redfin, send direct mail campaigns, drive for dollars, network with property managers, and explore seller financing.Good luck!

My question is can I purchase this property, renovate the top two units and just leave the basement as is?

Quote from @Casi Rice: Marketing idea: find 1-2 trusted property management partners.

Are the properties empty or worst case on MTM leases you can end in 30 days?

Hopefully they will see you are not screwing around and will leave on their own.I hope you got a great deal on this property, because tenants in place are a liability, not an asset, in the Empire State.Now, who loves NY (besides our many "guests from out of town")?

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $175,000

Cash invested: $65,000

Sale price: $315,000

This was our second flip project located in Sacramento

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Aloha Maui and Hawaii community!
I’m seeking your expertise and networking guidance. I recently obtained my HI real estate license to access the MLS and assist with my personal house-hunting needs.
Does anyone know ...