Don't forget to have his bank print a proof of funds (the account numbers and important things can be blocked or white-out but make sure it shows a balance that covers the purchase/offer price)Otherwise, that's pretty much it.

I'm thinking it's a good investment due to average rent being around $1200-1500 in this area for 2br apartments this unit has 4 its list is $550k while I can't find a single family under $320k I plan on occupying one unit so after removing one unit from the market I'm still at $3900 and with not rent if my own which will easily cover a mortgage on the property and still make some extra income and give me the ability to build up capital for future property's

The threat to you is if there isn't enough equity to cover your position.

So in order to get 100% of my All-in cost covered I do not want them to exceed 70% of the ARV to stay conservative.  

Neither of which you should be concerned about and sending them a notice covers you in both situations.

Accompanied by many industry leaders from the Central Valley covering a wide range of topics.I learned a lot and gained some great resources and contacts.

Compare their quotes with what your policy covers.

I'm renting out 2 rooms to 2 of my Marine buddies and they are completely covering the mortgage.

HVAC is 5yrs old Plumbing is good unsure of the age.Purchase 88k Loan FHA 3.5% down bed/bath 2/1 each sideSide 1 is currently rented for $440 (below market) by $45 for the sizeSide 2 I will be living in with a roommate and room rent is $330 (median market for a room for the size)Side 2 COMPLETELY RENTED will be $675 (median for market)Owner pays near $180 for water a month and tenants pay the rest of the utilitieswith mortgage, insurance, taxes, fees, monthly payment to own the property is $611.87I am really just trying to cover all of my bases right now. 

Hi all,Tell me if this is a good idea or not:There are multi-family properties I'm interested in buying, but I don't have enough cash to cover the down payment + fees without wiping out.I was thinking of taking out a personal loan to cover between 20 to 50% of a 25% down payment.