This deal looks like a good deal, except for the 1 bd apt.

Most have exceptions for "for sale" or "for rent" signs in front of a property. 

Solo IRA's are a flavor of SDIRA's but one step further down the road to independence and control than SDIRA's.  

Now there are exceptions such as property taxes, environmental liens, municipal liens, etc.If research is not your specialty then get a title search prior to bidding on any properties.

I wrote an article about how Letters of Explanation and How it can make or break your loan file.4 exceptions to obtaining a 2nd FHA if you pursue this path is 1) larger family size 2) divorce separation 3) you were a non occupying cosignor on another person's FHA loan and 4)relocation.

Except that you can't drive a five-plex (although an old Ferrari doesn't throw off cash flow, either).

The major downside to mortgaging to me seems the fact that you don't know what interest rates will do.While that is true, the interest rates seldom get too far ahead of rent (the early 1980s being an exception).  

Also as noted, nonresidential contract-for-deed sales are entirely exempt.DISCLOSURE REQUIREMENTAssuming that the residential transaction involves a “multiple seller” and the lawyer/real estate broker exception does not apply, the statute imposes a disclosure requirement somewhat similar to the condominium/townhome disclosure statute. 

Haven't seen interior yet except peering thru windows but estimating about $35,000 to uncover and refinish hardwood floors, replace some windows, paint everything inside, lite kitchen updates, some new appliances, and light bathroom updates...budgeting to replace one boiler immediately.It's up/down 3 bed 1 bath on each floor, would rent for about $1400 per side in as/is condition, but could fetch 1750 per side if updated.  

The exception to that idea are Super Liens like property taxes which automatically take priority.