@Christopher PhillipsYeah... it seems it all boils down to knowing the "total debt" - no matter which position forecloses.Except if the first one forecloses it releases the property from junior liens.

Not sure what proportion of rent $400 equates to, but in California, you can legally increase rent by as much as 10% with just a 30 day notice.

I am wanting to make sure that I do this legally, though.

Has anyone used Legally Mine, based in Utah?

for a Specific Area, So I can use the Countys "Legal land Description" ( Put 2 and 2 Togethor) And Make sure i know what im puchasing.

blumberg.com is a great resource for legal forms.

Hi Emmanuel, Without knowing the specifics of your situation ( income and debts) the answer is it could and it couldn't. when buying a multi family home the down payment is 25% for a duplex 30% for 3-4 units. obviously if are buying a rental property, potential rental income will be factored in.  

Owner said has long term tenant on one side of 9 years , building has had  great rental history.  600*2=1200 monthly1200*12= 14400 yearly taxes/insurance =2800 yearlyrepairs/maintenance 10%= 1440vacancy 10%=1440 14400-2800-1440-1440=8720 NOI20% down on 99000 @ 4% interest 30 years =19980 mortgage payment roughly 382 a month /382*12= 4584(NOI )8720 - (debt service )4584= 4136 monthly cash flowcash flow 4136 / (money invested) 19980 =20% ROIAm i missing anything here ?

Our commercial loans are based upon the exposure of the real estate, the income stream being generated from the property, and the probability of the borrower being able to refinance into permanent debt.

Assuming you are not talking about an hoa foreclosure, in which all mtg.s and liens will remain......For bank foreclosure, property taxes and hoa debts will remain.