The down payment required is 25% per Fannie/Freddie rules for a 2-4 unit property.”This is from their seller agent.

Partnered with a friend and raised $250K for down payment and raised the rest through hard money.

I haven't made my first payment so I don't have details on that but if there is interest, I can update this thread when I do.

What if you owner finance them for $1000 on payments...now for the next 10 years you need to keep up with payments or if you turn to a servicer pay $17 a month to them. 

By mid November we received a letter from landlord tenant court notifying us that the property management is taking us to court for non payment of oct rent, now mind you in pa if license and inspections deemed a property not up to code the rent cannot be collected while in violation of said codes, they were not up to code by November either, so any who we went to court showed them our evidence and explained why we were not continuing on to live there, the ruling was withdrawn without prejudice?

He said we would utilize a payment service to ensure payments are made, and also a "performance deed", so that if they stop paying I could reclaim the property without going through a year-long foreclosure process.  

Especially since the down payment % has gone down to 10% opposed to the 20% it was the last time I bought. 

Members/Tenants pay weekly, so reaction time to payment problems is pretty quick.

=======Michael and Mino Lending and team, please provide Giannina with an explanation as to what happened and why there was a non-disclosure increase in funds the day of closing.

July 26th I got a text from the tenant from a new number with another sob story wanting to stay, but still not offering a July rent payment.