This type of real estate comes with high risk and high reward.

This type of financing requires the projected income of the property, determined by a local expert, to sufficiently cover the monthly mortgage debt.

3)  Who would be the best lender/entity to approach for this type of financing?  

It depends.It depends on the market, the market cycle of that market, how you find the deal, the type of debt you can put on the asset.If you're buying without a syndication, I never look at IRR, especially if my intention is to hold and refi. 

I replied in the other thread as well but you need to check what type of provisions you have on your policy to make sure you have the coverage you think you have.Was there any discussion of the condition of the roof when you purchased the home/insurance in October?

No big, national, publicly traded banks will do this loan type.

Purchase price: $100,000 Cash invested: $100,000 Bought this house and got 2 more free What made you interested in investing in this type of deal?

Also, some people essentially abandon their properties to the tax collector, because there is some type of flaw with the site, i.e. access, utilities, etc.

Whether or not you'll be able to lower your current living expenses by househacking will depend on:- the type of property- property taxes - which are relatively low in BK compared to other counties- down payment- projected incomeThat said, househacking in NYC is totally doable and most first-time househackers find success in located small multifamily properties (2-4 units) preferably with some sort of additional income potential (i.e.

Actually you can make any market, okay almost any market except CA, NY, WA, IL that type of market is very tough to cash flow, but for AZ, TX, FL, GA, NC, you can make those markets cash flow.