Another thought process is that the seller could have simply refused to vacate but instead is willing to give us a safety deposit and a monthly rent and hence is not thinking of staying without our permissions.

I would get patients from all areas of Decatur township. 

Now, a lot of these guys are retired or been around for awhile and their BIGGEST CONCERN is safety, so you have to convince them of that.

I intend to buy my first house for house hacking in 2021 and I am currently building a safety net for that property.

@Calvin Kwan if your going to buy from Lowe’s or Home Depot, plan one being patient.

They are all competitive markets but deals can be found if you are patient and watch for the opportunity.

@Troy EvansOne of our management companies does a semi-annual "fire safety" walk through.

Some preliminary numbers are below.Asking price: $149,900Current rent: $1600 with ability to increase to around $2000Tenants pay electric, landlord pays heating oil and water.Taxes: $5300 annuallyI like to keep capex, repairs, and vacancy all at 10% for safety, so with a $1600 rent, they equate to $480 monthlyInsurance I would assume anywhere from $80-120 monthlyI have been looking for a seller financed property because I already used my FHA recently and that is my first property, so conventional lending is a little harder for me to get right now.

Some preliminary numbers are below.Asking price: $149,900Current rent: $1600 with ability to increase to around $2000Tenants pay electric, landlord pays heating oil and water.Taxes: $5300 annuallyI like to keep capex, repairs, and vacancy all at 10% for safety, so with a $1600 rent, they equate to $480 monthlyInsurance I would assume anywhere from $80-120 monthlyI have been looking for a seller financed property because I already used my FHA recently and that is my first property, so conventional lending is a little harder for me to get right now.

Be patient, stick the job out, save capital, thank your dad for free rent, and network network network.