We are not the only player in the space but in general on a warehouse you are looking at rates a little higher than a regular single family home, in the high 7 low 8 rate range on a 3/27 30 year amortized loan. 

There probably wouldn't be too many updates to it once I moved in and it's listed for $232k.

Plus my regular mortgage payment.

@Tiffany Ralston - I use the marketplace and for silver level coverage (80% coinsurance and a doctor visit is like $25 with prescription coverage) it is $500 / mo just for meI don't have any pre-existing conditions and do not take regular medicationIf anyone has a better / cheaper solution I would be open to hearing it 

There are several that have somewhat regular listings but it's not like the big cities where there are whole firms dedicated to multis.  

Have you run any rough estimates of the ARV and costs if you were to update and resell the two homes?

background:  - Mortgage free  - moved out two years ago   - Still furnished  -  HOA fee $100 month  - has an expectation of getting same value of homes sold in neighborhood that have been updated even though his still looks the same         from original build in the 90's

Offer rate was 3% (this includes the offers made on appts plus a few phone estimates) - of those 11 offers, I have one tentatively accepted (seller keeps calling back to update me on their timing, I give it a 50% chance of closing). 

I know i got a nasty gram from the state when i proposed to do just one loan for someone.. and its next to impossible to find a guy like me NMLS licensed and state licensed to write these small loans for others.. simply no money in it..not worth the time.when most RMLO s can work on a regular bigger loan and make 5 to 15k fee.. 

There's half a dozen of these large arch windows, plus regular rectangular windows, plus 3 large patio doors.