The main risk being any judgement, tax lien or IRS lien the previous owner may have will attach to the propertyAdditionally, pre executed deeds are also not recognized any longer by most title companies. 

You used to be able to view all the videos in series with the main video on top and all others below.

The main pro that I see is the low price point and that is it, but that price point is artificially low in most cases due to the land lease or high HOA in most parks.

Your main benefit to living in the multi-unit when you purchase it would be a lower down payment, but would you then rent out your Snohomish house?

The property I purchased was originally my residence and it now a rental but for all intents and purposes I am brand new to real estate investing.I would love to hear from those who have used either of these strategies or any alternative ideas.

The owner was/is a contractor and coded things as part of the main house, or 'laundry room' or 'turkey shed' to get them built, but none of them are honestly coded.

The listing says Pratt-Monroe, but it’s technically in Union Square historic district for chap purposes. 

The real estate agent who's job it is to sell it said she wouldn't buy in that neighborhood for investment purposes.

But the main thing is...are they COLLECTIBLE.. and if there is any doubt in your mind, get a CO-SIGNER.Nancy Neville

Here is the main reason why... when you sell the property that's the last time you made money on that property.