Can you acquire a owner financed property with a mortgage still on the property?

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation in which we had to replace EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.

Purchase price: $310,000 Cash invested: $150,000 Sale price: $500,000 We acquired an off market 880 SF hoarders drug house built in 1926 with an unfinished basement and did a $150K renovation where we replaced EVERYTHING in addition to adding 750 SF by finishing the basement.

How did you acquire your first property and do you still use that same method today?

If I was starting all over again, the way I acquire deals would depend entirely on my financial situation.

Based on that I am looking to acquire my first single family rental in another market for a price no more than $100K and BRRRR.

Hello all,My property management company is having some trouble renting out one of the units in my recently acquired duplex (It doesn't help that it is the dead of winter in Wisconsin, lesson learned). 

They seem to forget it takes 10 years and on top of that some of them don't invest or acquire assets, like tangible assets including but not limited to property, stocks, bonds, CD's, mutual funds, or classic cars.They want to buy a home but they can't give up the honeymoon to Hawaii and new SUV in the driveway.