Having done my homework, there’s still no substitute for taking the plunge and getting your hands dirty and feet wet.

Since u live at the property it is pretty easy to manage and can get your feet wet if REI is something u want to do.

Ron, if you have ever dealt with Credco over the years, you would understand they are a massive organization with numerous programs in place. 

I agree that the multifamily is hard to come by and that house hacking is a great way to get your feet wet and learn the ropes. 

A couple of things to consider:1)  I wouldn't bother trying to contact the owners to get ahead in buying this, it's already been on Zillow for days and I'm sure they are getting numerous contacts already.

Sure HML are a proven solution as numerous BP members here can attest but it needs to be part of a plan with a workable exit strategy.

For example, often fire damage is water damage--they put the red stuff out with wet stuff.

In college they’d throw your wet clothes on the floor, in your basket or on top of another machine if you were blocking a washer.

For example, often fire damage is water damage (they put the red stuff out with wet stuff).

I know there are numerous tools in the tool box, but in order to win over my competitors, I’d like to offer a cash purchase (approximately $100k) and fast close.