So that is more a way you can still lose the house, even though you thought you bought it.We have had an owner declare bankruptcy on the day of the sale, but the sale went through due to the late filing.  

I've only done house hacking so far at this point. 

Here are some details about the property.Price: 480kAge: 1986Rent: 1100 ~ 1200/unitCoC: 3%CAP: 7%I am a first time buyer and house hacker so any insight are appreciated.

Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $247,900Cash invested: $19,000Closed on my 3rd house hack in January 2024 and wow this one has been quite the property.  

If you like to have a ceiling fan in your house get whatever you want and take it down when you convert it to a rental.

I’m not making much on rent and the house needs HVAC upgrade as well as cosmetic repairs.

Hope I am posting this in the right forum.....I purchased a house with an existing tenant. 

I've decided to take my experience to the next level and venture into flipping houses myself and hoping to see it become more full-time in the future.  

I would also research closing cost and down payment assistance options, the more equity in the house you want to purchase, the more likely the bank is to approve you.

We bought a rental house in Alabama that had been a foreclosure and it was still during the 1 year Right of Redemption period when we bought it.