There's a great book called Every Landlord's Legal Guide published by NOLO that will give you some great basic advice on how the process works, you may want to buy that.

Hi Team,I have a property I would like to purchase for a buy and hold at $42,500.

Selling at $278,999Should I keep the house on the market ( delay my move )  and keep it as my primary residence while I save to buy a multi-family? 

If you're willing to educate yourself and have the personality for dealing with difficult situations, then it may be a good choice.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

For instance, if when you buy you see the property will need a new roof in 5 years, is it more expensive to fix it now, or later? 

Hi Gustavo, You can reduce the PPP or buy it out entirely. 

Investors often buy these properties with a plan to gradually upgrade units and increase rents, or even redevelop them down the line if zoning laws permit.

Investment Info:Single-family residence buy & hold investment in Atlanta.

Investment Info:Single-family residence buy & hold investment in Atlanta.

MelvinPerhaps you can BUY their property from them on WRAP Around financing basis You pay them on a WRAP AROUND Note (eg. perhaps $1.00 over their existing loan balance) of where they can LEASE the home you and also give you an option to buy SUBJECT TO their loan if or when you exercise the option.