I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

What would be the best loan option for purchasing another property under my name that I’ll be moving into as my new primary residence? 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

We are in a safe community, so tenants can choose to leave the door unlocked or hide a key under the mat.

@Mike ReynoldsYou hit the nail on the head in that seller financing would fall under the non-recourse loan category; therefore, UDFI would not apply.

I am under contract for another property and am 99% sure I will not use them.

If not, you’ll need to resolve these liens, which could complicate the investment.Current Occupants: The family living in the property could be protected under Massachusetts’ tenant and housing laws.

My markup is always lower than the original lender's because I don't spend money advertising during the Super Bowl, my president doesn't have a corporate jet, and we don't have layers of management we need to pay.

As a real estate appraiser, I am always looking at the value of the underlying collateral in the event that I might own it.What do you do with the notes that you purchase? 

They are looking for "who is making how much money under what circumstances".