Thank you for any responses  No advice specific to this, it's not much different than buying any multi, you're just losing one of the rents but not bearing the brunt of the entire mortgage on your own as you would a SFH for your primary residence.

It's so very simple: lose the losers, or bear the loss.  

I know most people on the forums are well established financially and have real estate acumen, so please bear with me and be gentle ;)I have lived in an owner-occupied duplex (top/bottom) for 12 years now occupying the first floor and renting out the upper unit.  

BEAR :-) 

They weren’t aware they needed to deposit the Security Deposit in a separate-interest bearing account and provide proof of deposit.

The loans are bears and a lot of brokers do NOT like to do them.Rob NA The contractor below was recommended by one of my mortgage brokers.

Who knows are rents, occupancy or income dramatically below where they should be? Are

The note holder has the right to pay taxes and add the amount paid to the note, bearing interest at the note rate or at the highest lawful rate, according to the security agreement (DOT), just as they can pay insurance premiums to insure the property and add the costs to the note.

Bear in mind, the seller at this point doesn' know that the buyer is willing to pay $50K and the investor buyer doesn't know the seller is willing to sell at $45K.

Ok this may or may not be long, so if it turns out to be, please bear with me :mrgreen:I currently own a 3 unit building that I plan on converting into a 4 unit later this year (the garage will go and I will build a 2nd unit in the basement)Buildings of this type on my street sell for about 14 times their revenues (yes you read that right!)