It’s a slow methodical way to take one dollar and turn it into two... over and over again forever (essentially).as far as why multi families, and yes you could get a 5-12 unit in a tertiary market with 100-120k down.  

You're essentially signing up to be a landlord, so your due diligence will be crucial.If you're indeed using this as a house hack, then I agree that 2% for capex and repairs are totally fine since this property was built in 2016. 

The properties are essentially "slum lord" remnants and the ask on them is about double what I think they should sell for.

Do the paperwork to get the sick pay so it's documented!)

We are using their "fix 2 rent" program, which essentially is one close on the front (buy and rehab) and a refinance on the back end without another closing.

Essentially it works like this:You pay a base rent that is cheaper than the surrounding neighbors.

But if there wasn’t a promissory note either, what paperwork did the borrower sign for this particular loan?

20% down would essentially drain all my liquid funds, so I’d also like everyone’s thoughts on other avenues to pay for the down payment? 

You are essentially creating another job till you stabilize the asset (if not stabilized already but still doing the coordinating of maintenance). 

You are essentially creating another job till you stabilize the asset (if not stabilized already but still doing the coordinating of maintenance).