Using leverage (loan) there is no minimum More leverage = more risk More knowledge in the market, your investment, and how to manage the less risk House hacking ---- FHA (owner-occupied) loan meant for new, inexperienced investors, required to live in the property at least one year.

Sorry, was meant to be a discussion.

In general, I would put it on the year it was meant for. 

Haha oh I meant the thread but thank you!

I meant like a 3 year fixed amortized over 25 years.

Also meant to say watch out... 

@Dennis M.I meant what kind of area, ie what class area, not the names of the areas, unless that is also confidential........At $15k it sounds like war zone area, is that accurate?

So rental are good when I said 2% i meant I have 100k in it and I use the 2% rule should bring in $2000 in rent

I should have clarified that by “notices” I meant that they are in regards to the tenants not having not paid rent since December.I’ve had notices posted on their door multiple times demanding rent be paid since back then. 

That isn't what I said or meant. ;-) and yes, once upon a time I was a loan officer.In his question the OP is unclear whether it is taking over existing financing with seller carry back or if it is seller getting new financing with seller carry back or if it is buyer getting new financing with seller carry back.