Him " I need a place to stay with electricity and running water, I need money to eat off of and I need a few bills paid off"My offer was to , at closing, pay his past due bills, pay for 1 year lease in an apartment and pay him monthly $500.

Your biggest investors will have the negotiating power, however you can try something like this:Pari-passu: 0-8%, 90lp /10gp First promote: 8-16%, 75lp /25gp Second promote: 16%+, 60lp /40gp Hope this helps.

Establish contact and arrange a payoff so that the lien is cancelled before the foreclosure process is triggered by the "Power of Sale" clause in the senior lien aka Deed of Trust in NC.

I have more or less managed to get it into positive cash flow last year, but I want to increase that further.I turned the flat into an "all inclusive" meaning i pay all cost such as electricity and the likes, which made it go up along with putting a new kitchen in.  

I did most of the repairs myself and through friends: spent $1500 on electric and lighting. $1000 on plumbing. $1000 on carpet/paint, and about $1500 on kitchen and bath tile, sinks, toilet, etc.

This is not a good deal, but I do think one could improve the NOI by reducing the electrical utility expense and make the tenants pay for that. 

Heres the deal...4 plex, rents or 1740/mExpenses are 40 for electric, 35 for trash, mowing/snow- 150 for a total of 225PITI - 850Vacancy/PM/Capex/Maintenance-556total expense =1631this seems to be one of the better deals that I've seen.Thanks in advance.

If you can find a lender that is investor friendly, they can help you "house hack".I think a lot of banks like to see you occupy the property for at least a year... but if you can find a loophole, more power to you!

That gives tenants all the power and will make these types of conversions next to impossible.

lolHave a Powerful Sales Day!