If you can install Dimmer Switches, even better. 

You'd only need to bring the difference between the balance on his loan and what you agree to purchase the property for and your share of closing costs.The term is "Subject to" which is short for Subject To Existing Liens, Deed of Trust, etc.

FHA loans are for owner-occupied properties only. 

This type of loan product generally will not be available with a conventional local credit union. 

I wanted to ask, who should I talk to about learning more about Heloc’s and Home equity loan? 

Due to the high foreclosure rates, many lenders will not consider a deal with less than a $100k loan amount.

All VA, FHA and USDA loans are assumable and even a few Conventional loan products out there are assumable as well.

You can use a VA loan or an FHA loan for small multi family property as well as single family. 

Those two together create equity.Here's what I want you to understand about “buy and hold” residential real estate:Let’s use a single family home with a property value of $300,000Let’s use an initial loan amount of $240,000Let’s use an interest rate of 7.25%And I’m going to give you $150 of cash flow per monthUse a 5% appreciation amount for your property per yearLet’s see what happens after 5 years:After 5 years…$150 of cash flow per month = $9,000Your mortgage has been paid down to $227,000 = $13,000Your property is now worth $382,000 = $82,000So that’s $9,000 of cash flow, $13,000 of principle buy down, and $82,000 of appreciation.

Is there some loan product or solution that I should look into to try and get enough for this property?