It is beautifully written and I will definitely be incorporating it into my arsenal :)

talk to Peak Asset Lending in KC  @Alexander Felice  banks generally wont fool with stuff this low unless you have existing relationships with them.. the cost and risk of having a default far out weight what a bank can make on a 15 to 20k mortgage.but i have seen small local commerial banks do these for local citizens that own 10 to 50 homes and its their cottage industry so to speakI have NINE loans under 75K and I work at a bank, while it's true banks would prefer to do larger loans, they do small ones every single day. 

For many that's a dream come true so having the opportunity to be a live in manager, live for free and make some money on the side you're hitting all the right targets.In the Milwaukee market $400K for a 4 family is slightly high for our area but depending on where you're from I could see that being a great opportunity.

Many times the additional risk with ACV is glossed over without putting pencil to paper and putting a true $ figure to what the loss could be.Once you really know what is at risk, you may find that on a certain smaller property, $100 of premium savings is only $7k of additional risk, while on a larger building $300 of savings gives you $50k of risk. 

If those are true, you just hit a grand slam. 

This is doubly true if you will be going the turnkey route or hiring a property manager - if you want to invest in C/D areas because your research tells you that's what aligns with your goals, make sure it's in a market you can manage yourself (an hour away or less by car).

Account Closed True.

A lot of what you said rings true, I think what was mainly attractive about this property was the price-point relative to everything we have been looking at on realtor.com/zillow/redfin in the Natick area.

If your numbers are correct, this sounds like an awesome deal - in fact, it sounds too good to be true, specially when you mentioned he will even finance the rehab.If you can structure it below, it will be awesome but not sure if the seller will accept it.

This holds true in the world of investment properties.