That being said each city has different approaches to this type of thing - so, yes, we are aware of cities that are not as friendly to roommate housing and avoid them for that reason.

I have spoken to a RE attorney 10 miles away in "town" and he advised that I send a Termination Notice be first and the owners have to cure their May late payment within 30 days of the served notice (or move out).  

Over the years, I have built local teams ( agents, contractors, property management, inspectors) that serve as my eyes and ears. 

And/or tell me what to look for in a listing for the type of house you are referring to?

I have a small background in construction -- I used to do small jobs like tear up carpet or help cut or demolish sheet rock for my local church -- so I'd like to try serving as my own general contractor.

Hi Heather, Your lending options can vary greatly depending on what type of property you are looking at. 1-4 units, 5-10, and beyond will have different types of lenders and more importantly different loan options. 1-4 you will have the options of FHA/local banks/conventional.

What are the types of loans available and what is going to get the best returns.If you are asking this question looking for expert advice – before delving too deep – the number one thing to clarify is the number of units of the multifamily property you are looking to invest in.

Schedule E typically caters to rental income and certain types of passive income, while Schedule C is tailored for reporting profits and losses from a business or self-employment.

or... only on certain property types, in certain states. 

I own multiple rentals (with conventional loan types) and its getting tougher for my next big rental ($2M property) which I am going to purchase through a partnership LLC.