Let’s break it down and explore how you might approach this idea, the challenges you could face, and ways to structure a deal that could work for both you and the landlord.Why the Landlord Might Be Open to SellingThey’ve moved out of state for health reasons and don’t have family nearby anymore, which might reduce their emotional attachment to the property.The idea of simplifying their life and pursuing something like sailing around the world suggests they could be open to letting go of the property if it helps them achieve their goals.With significant equity or potentially owning the property outright, selling could provide them with a substantial cash windfall to fund their future plans.However, their belongings on the property could signal hesitation to let go or simply a logistical barrier they haven’t addressed yet.

Hey @Jung LeeWelcome to the BP family.

Quote from @Brendan M Hornung: I reside in Southern California and started my investment journey in March of last year by purchasing a sub-to single-family home in AL.

Investment Info:Large multi-family (5+ units) buy & hold investment in Flagler Beach.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I would suggest reaching out to owners of multi family who have no loan on the property.

Unfortunately, it cannot be used for a 2-4 family property, only single family properties. 

Growing up, not a single person in my family had financial freedom, or even financial abundance for that matter.

If you house hack a single family residence by renting out  a room or two then you would have no property tax but if you buy a duplex you might have to pro-rate the property tax.  

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.