You could try a piggyback loan where the loan structure is 80/10/10... 80% first mortgage, 10% second mortgage, 10% cash down payment. 

He should have run a prelim title report to identify junior lien holders, as tour your offer may have to be structured differently to deal with them, ie. lower purchase price as you may have to contribute additional cash to satisfy am junior lien.There’s too much to learn for You to know everything involved.The list price is irrelevant, the price the bank will eventually accept is what matters.Worst case, get a contract executed, provide a legit POF or preapproval, see where the bank comes back.

The firm has had MHC as its top performing property type for the last year and a half and a November 2018 report described MHC as “one of the most attractive property types in both the public and private markets due to 1) a best-in-class cap-ex profile; 2) structural barriers to new supply; and 3) still-too-high nominal cap rates.”I hope this helps those considering investing in MHCs - happy to discuss further.

(etc)-While this example is using the Series LLC, a great structure that was created for investors who intend to scale and grow.

The fire damage is likely fixable as long as it’s not structural.

However, it only applies if the following triggers are met:1) Visible hole or depression2) Structural damage occurs3) The movement is sudden 4) The insured structure is condemnedIf any of those are not met, then no coverage. 

This will help better answer on how to structure the deal.

That business is comprised of policies, procedures, structure and laws, many many laws.

@Chadd Brandon We structure purchase money mortgages on everything we acquire...stopped using banks years ago...kind of a silly concept to use bank money once you figure out how to structure a deal. 

Landlord insurance covers the shell of the building only vs. home owner's that covers the belongings inside.