@Christopher PhillipsYeah... it seems it all boils down to knowing the "total debt" - no matter which position forecloses.Except if the first one forecloses it releases the property from junior liens.

This tenant obviously considers this unit home, so unless there are concerns with them, see if you can keep them.With our current tenants, if they have stayed a year or longer and have been good tenants, we increase rent annually to 50% of the gap between current and market rent.  

It can work on higher priced multi family properties because the total of the rents is usually higher.

I keep getting updates that they will do it "today" which obviously hasn't happened. 

It depends on what your policy states.Most of my clients who have had total losses(max policy payout) will get paid directly and general contract the rehab or sell as is.  

Obviously you need to verify that against Missouri state law but my guess is that's what you'll find.

However, since I don't necessarily need to be totally hands-off in my investing, I'm now also looking into doing a flip in some of the lower priced areas of Southern California, like Riverside or San Bernardino county with the aim of taking on a project with a bigger potential payday.

I'm sitting on about $6K total after saving for quite some time, and I want to know who has had any experience pairing an FHA203(k) with one of the 1% down payment mortgage products available through FreeandClear Mortgage, Guide Mortgage, or MLS Mortgage?  

Hi Emmanuel, Without knowing the specifics of your situation ( income and debts) the answer is it could and it couldn't. when buying a multi family home the down payment is 25% for a duplex 30% for 3-4 units. obviously if are buying a rental property, potential rental income will be factored in.  

But I watched a video on youtube and looked around on loopnet to find some stuff not totally overpriced.