if the note is currently in default and we can buy at at least a small discount, we may be able to restructure the note with no monthly payments - we would get paid all interest at closing when the property sells.  

Quote from @Harsaha Lenka: hi Jaycee, Thank you for replying, Yes i wanted to buy 4@Harsaha Lenka I concur with all of @Matthew Drouin's comment.

Have you thought about your investment style-- buy and hold, fix and flip, househacking, passive investing, STR, something in between?

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

I have begun to look for a new primary for myself but have decided that if possible, I would like to build rather than buy. 

Investment Info:Townhouse buy & hold investment.

Should I combine the marketing of my PM company and my buy/sell RE services in one?

So, yes, it can be the best time to buy as the sellers listing during the winter are often the most motivated.

You are not going to buy land and put in a mobile home and the lender in 6 months will consider it a single family home.

If you are buying from HUD, you will be contractually obligated to occupy the home for 12 months.