Frequently, vacation rental rules differ if the residence is "owner occupied" remember depending on the state "owner occupied" can be as little as 2 weeks out of the year.

Remember I said I lost out to another bidder for this 4plex?

Doing this will generally save a lot on what would otherwise be spent on agent commissions, but remember that the lawyer is not your agent so once they draft it and advise you on how to proceed, it's basically up to you to complete the transaction by negotiating with the seller during the escrow, giving the escrow company the forms they need to proceed with everything, etc. 

You have immediate capex ( deferred maintenance) and ongoing capex.Just remember most sellers are positioning the property as a (perfection property) meaning they say no deferred maintenance, expenses are low, NOI is HIGH.

In any case, in addition to the vacancy rate (which I remember being low).

Remember that money is the most important factor.

Remember this is a commercial deal.  

Pretty sure that the only way you can get a FHA or conventional owner occ. loan would be if you are1. going to live in one of the units2. going to run a business from the commercial unit3. can show on 2 years of tax returns your experience running such businessAt least that is what I remember when I looked into this a few years ago.

ha...REMEMBER the old saying....BUYERS ARE LIARS! 

and, if yes what long time it takes the lien expire from the record (remember i said make lien with no judgment no court just lien only).... thanks for everybody