Hi,I have an opportunity on an Off-market deal, but I am not sure how to approach it and am reaching out here to see if I can get any advice.Here are the facts:Owner is retired and recently moved to assisted living and is ready to sell the house.

Ive lived here my entire life, and never in the same part of this city. 

I had lived in Athens GA as a grad student (2010-2016), however, I now live and work on the west coast.

Maybe some want to save their money and live in ok apartments/homes.

HI Stephanie,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Both units previously had family living in them.

That conversion will not trigger any tax.Unfortunately we can no longer eliminate all of the tax simply by converting to a new primary and living there. 

We have a long-term tenant who has recently started having a guest live with them.

two different flavors.https://www.biggerpockets.com/real-estate-investing/house-ha...https://www.biggerpockets.com/blog/live-in-flip

But am wondering if there is already a quality reservoir of information out there that folks are familiar with.Hi Arjun, I am from Colombia, and I have invested in real state over there, however I have lived the last 6 years in Spain, I exactly arrived when the economic recession started :/ However, living in the South of Spain (La costa del Sol , Andalusia) and observing how the prices have tragically decreased through the years I have finally decided to get into the business here,..