If so then the chance of them defaulting on your seller finance terms is high and you’ll still be affected by the same problems with the property that exist now, you’ll just have much less control over it so your risk “being the bank” on this property is going to be high. 

Live in one unit and rent out the others to cover your mortgage.Seller Financing: Negotiate terms with the property seller where they act as the lender, often requiring a smaller down payment and bypassing traditional underwriting.Partnerships or Joint Ventures: Partner with an investor who provides the capital in exchange for a share of the property’s equity or income.Lease Options: Use a rent-to-own agreement, which allows you to control the property while saving for a formal purchase.BRRRR Method (Buy, Rehab, Rent, Refinance, Repeat): Acquire a distressed property with short-term financing, rehab it to increase value, rent it out, and refinance to recoup your initial investment.Pro TipStay in close communication with your lender as you approach your next purchase.

But, if any of the units are used as commercial space, you may need to structure the loan on a Mixed-Use DSCR loan which could affect pricing. 

These risks include, but are not limited to, lack of liquidity, limited transferability, conflicts of interest and real estate fluctuations based upon a number of factors, which may include changes in interest rates, laws, operating expenses, insurance costs and tenant turnover.Investors should also understand all fees associated with a particular investment and how those fees could affect the overall performance of the investment.

However, it’s important to account for depreciation recapture at the time of sale, which can affect your overall tax liability.

Business credit utilization doesn’t affect your personal score, giving you flexibility to grow.

BTW I am a 10-99 contractor and have been focused on the rehab for the past several months, which affects my verifiable income.

I am an affected taxpayer as the property sold was located in Miami-Dade County and I a reside in Orange County and both counties are named, covered disaster areas. 

We have tenants that we have repeatedly put up 7-day curables but we do not want to lose them as a tenant.As for not paying, follow your systems for non-payment just like rent.

Let me repeat, there are not WORSE audiences than these.