This condo was purchased both sight unseen and occupied.

@Samantha Springs can you rent a room out in the unit you occupy as your primary?

The rules on multi-family owner occupied recently changed allowing you to put down as little as 3.5% on up to 4 units.

In most states, foreclosures can be very risky:1) They are often occupied and you can't approach the occupants to see the interior.

It's smart to consider your options carefully.To give you a clearer picture of the market, properties listed on PadSplit in the Dallas-Fort Worth area, including Garland, are currently 94% occupied.

Consider spending some time in these areas to get a feel for the market and see if you'd enjoy living there. you ever dealt with ground up non owner occupied construction loans? 

Or at the very least, not nearly as much as an owner occupied Non-performing note you're attempting to collect on.But yes, when I say "you can lose more than your investment principle," I'm talking about the liability and overall risk exposure.

Find out what their actual infrastructure is in person and how they are set up to serve you as an investor and also the residents occupying the properties they manage. 

Our cleaning fees for the year were $40k, landscaping $2.5k, handyman $3k... all tasks that can be done by an operator and off set the loss of income from occupying the main house that brought in about $40k for 2024.My wife and I have decided that even though it makes good money, we have been in Texas for a year and we want to do something similar here and we are very much DIY people and don't want a PM company to run it to the ground.

Prior to these neighbors, the unit above was occupied, and we never experienced any problems.We’ve spoken to management multiple times, but they’ve been completely unhelpful and have taken no meaningful action and even told us that we are making the noise up, inspite security having been to our apartment numerous times wittnessing the noise.