That assumes you buy a note/CFD for around $15k, the rest you’ll need for expenses. 

It's good to read awesome stories like this, keeps the rest of us motivated.

If you live in the first fourplex and rent out the rest you can get an fha loan with 3.5% down. 

Rene, No - only one is, the rest have mortgages against them. 

I found a few units that need some work, I'm not scared of that because coming from a construction background and I do have some people that would help me.The owner is open to Seller Finance and is asking 165k - the owner wants me to offer him what I can pay.Of course, I wanna offer as little cash as possible that way I could do some fix-ups.My goal is to offer a deal that won't scare away, it's 7 units for a price of 165k altogether, 2 of them are rented at $650 and $700 a month and the rest have been rented but now are vacant because they need some work, but as the owner says it is in liveable condition.

Whoever is telling you buying a house is a bad idea right now, is the person that will live in fear and renting an apartment for the rest of their lives.

From the few experienced investors I have spoken to, most say to acquire a good contract online or from Office Depot and let the title company take care of the rest.

Planning on charging 100% for this repair cost, and eating the cost for refinishing the rest of the floors with normal wear and tear.8.  

@Tyler Mutch Guys who use formulas to define "Their price" seem to do a lot of analytics while the rest of us are busy actually buying and selling properties.

What about the rest of junk there?