I guess the only way an investor would want this would be in a very competitive market.

I guess this topic got lost in the pile.

I'll have to look into an appraisal I guess.2- I spoke to a loan officer who said that a refi was possible as soon as the primary lender sold off the note.

But I guess I should calculate the worst case scenario with eviction costs and no payments for several months?

quoted me around 5.85% because of my investor status I'd guess.

I guess nobody has used that product yet.

I have been looking at multi family homes for a bit now and some concerns I have between 2s, 3s, and 4s is the net profit.A duplex for 129k rents for 800/unit, profits ~$215-300/monthTriplex for 129k @ 650/unit profits ~$390-543/monthQuad for 129k @ 600/unit profits ~$615-860/monthSo I guess the question is why do people buy duplexes or tris?

The records show a grantor and grantee.The grantor is the deceased and a "IND ADMIN" or "IND EXEC" which I am guessing means independent administrator or executor.The grantee seem to be relatives of some sort, as they usually have the same last name.Also, sometimes, it shows a consideration amount.

I wish Id done the 30 year....Id have twice the cash flow. oh well I guess there has to be some kind of learning curve and in the long run I will save some doughThanks guys for all your insight...this site is great.

Also, I guess I would need to speak to the zoning department, if I were to rent it out as a separate apartment?