It looks like the owner who bought it in 07 got it at sheriff sale himself.

Anyone looking to buy and hold 5 single family homes2 sfh 3 bd 2 bth1 sfh 3bd 1 bath2 sfh 2 bedroom 1 bath$465k as is value. 3 Properties are rented to long term tenants, 1 is rent ready, 1 is vacant.TermsOption 1: $410k for all 5Option 2: $450k for all 5 with $200k down Payment and seller financing for $250k.. 7 years at 8% No prepayment Penalties

// Shared Ownership, Different Rules TIC Owners: Hold fractional shares of the entire property, but no one owns a specific unit outright.

Great question, @Kristi Barron Understanding your property's location, equity, and scope of work is key to finding the best renovation financing solution.

I lived in my home as my principal residence for all of the last 10 yrs, moved, then sold with owner-financing. 3.5 yrs later, the buyer re-sells the home and sends me full payoff.

I had a slip and fall case in which they sued the owner, the manager, and even the realty company that sold the property to the owner prior to the slip and fall.  

I'm going to assume you aren't talking about bank financing, but rather, investor/partner funds.I prefer to keep other peoples' money out whenever possible.

This is our first investment together so we're exploring financing options.Wondering if anyone has trusted contacts in private lending/hard money who are able to fund ~$400k in acquisition cost and ~$250-300k in repairs?

While his loan isn't assumable, you could structure a deal where you take over payments while giving him equity in a seller-financed second note.

Owner financing as a buyer is a great tool to use.