Thereafter, buyer makes payments to seller as set forth in the promissory note.Here's why I think the foregoing rarely happens in residential deals: (A)  It requires a seller who either owns the property outright, has a very small balance on their mortgage, or has a substantial amount of other liquid assets such that they could have already paid off the property. 

Also make sure the HOA is landlord friendly, because if not it could make it very difficult on your client. 

It's not theoretically all that difficult to do yourself with a 60-buck trim coil from HD and some homemade shaping aids made out of clamps and dimensional lumber, but it's not a typical DIY thing.

Id love some advice: Single family property Balance of 128,000.00, appraises at 155,000.00.

The HELOC I had had the option of paying 1% of the balance monthly or an interest only rate of $100.

While we still like multifamily, it's been very difficult to find value. 

Also, older mobile homes are very challenging to finance which makes them more difficult to sell. 

It’s possible, just difficult in AU for positive cashflow.

For me it's more a debt balancing act opposed to an "all in leverage strategy."

During due diligence I took a look at the rent history and the tenant has a balance of a little over $1,000.