Not to mention this is not counted as a legal area of living for owner occupied financing (if you're buying a multi unit).

I have a current tenant who would like to buy a rental house he's leasing.

Just so I am able to buy a property there with a best possible cash flow.

With a few inquiries from auto dealers. they shared 3 months bank statement and cash app summary showing 10,000 per month coming and withdrawal as well as withdrawal so maintaining close to 0 balance. 

So many of my out-of-state clients from California are successfully purchasing flips, BRRRRs, and buy and hold deals here at a very cheap price point, cash flowing, and have tons of appreciation.

I am a little confused, you play to buy 8 total units from him though? 

The deal involves buying an existing single-family house for $700k that conveys with a vacant lot.

Investment Info:Single-family residence buy & hold investment.

I am under contract for a fourplex that has asbestos siding. I noticed on Zillow that asbestos was listed as a building material, but I didn't pay attention to it until my insurance agent mentioned it. The property ap...

If you really are a long-term buy and hold investor, then don't worry about a "recession/correction/crash".