As stated by Victor, maintenance and cleaning when a tenant leaves can be brutal but this can be with any type of tenant.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

What made you interested in investing in this type of deal?

So here is a partial list of people who might be more inclined to listen to your offer of a cash discount, or some type of vendor financing:Financially Distressed HomeownersThese are people who may be facing financial hardships such as foreclosure or debt.

Hi Michael,Are you in the a neighborhood in the actual city of Albany, such as Ten Broeck Center Square, Hudson Park, Pine Hills, or Park South that has 4 unit buildings and can support that type of arrangement without too much concern of negative impact from other tenants?

Document everything.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

If you are legitimately going to live in the property, then house hacking is a great strategy, just do not violate the loan documents.

You might want to consider a mix of fix-and-flips, rental properties, and possibly other types of investments like commercial real estate or REITs.