Best bet is to talk to your accountant or to find one.

With that strategy in mind, your best bet is likely to get a conventional, owner-occupied loan so you can put as little as 3.5-5% down.

Such a poor-performing property manager will result in more frequent tenant turns, more frequent maintenance, which generates more income for the property manager.Another claimed advantage is that there is already a tenant in place.

It can also lead to poor decisions.

I realized buying a home in C class neighborhood is a nightmare, but I took a bet on upcoming growth due to Tesla and maybe it worked as home appreciated by 20-25 % in last 7 months. 

In truth the real reason is that they are likely to have a lousy rental history with poor credit and in that case our local gas companies require very high deposits for the new customers.I will often ask those who have resided in all electric properties what their average bills are and I will often hear upwards of $250 plus a month. 

My bet in MA is that you won't get a judge to agree to more then a month if this went to court.

Poor communication and wrong expectations What was the outcome of your partnership?

Also, if an unpermitted space isn't done in a "workmen like manner " the appraiser might call out the area's that are poorly put together if it's a safety or health issue.

@Nick Kouli Your best bet I believe would be to see if the seller would offer seller financing without a down payment.