It’s a bit of a process with several steps, but it's totally doable and well worth it for the added income!

New to MF investing and still learning the underwriting process.

or what happens if he decides to break into the property again would i have to go trough the whole eviction process over again?

It sounds like they use a qualification process and their process includes some financial data in a form you fill out.  

These days with high rates, I can see it being very difficult to find a property that would work.I second what Stevo said, huge difference between 4plex (residential financing) and 6plex (commercial financing).

The house is worth around 200K, I didn't plan on charging interest, just an additional $600 a month for the 20 years.One of my biggest concerns is the foreclosure/Eviction process. 

And yes, if the project goes south, there is a 1% chance of having to finish the rehab and inheriting a huge mess.

I sold a few homes in Jackson MS to Naca buyers.. its a process and the homes had to be in perfect condition before naca would close  IE FHA or VA appraisal standards at the minimum.. the program is designed for first time home buyers or low income home buyers also NACA was very firm on us ( the seller) buying down rate and closing costs. 

The property is in California, where 90-days-late is required before filing a Notice of Default to begin the foreclosure process.

So I am in the process of acquiring a new property in a good area that is vacation driven in upstate NY.