Correct me if I am wrong but if I were to be pre-approved for an FHA loan, will the banks consider 4 units or less as a residential loan?

Thanks Ed, yes if Sub2 is do-able on the loan, how do you structure the equity to be paid to the seller?

I paid a small local plumber 25 years in the business to to replace both inside guts of the top tank bowls for 2 toilets and flappers with chain.

The first would be paid off.

Additionally, this property is close to the airport so there is a lot of potential to turn it into an airbnb hub, leading to more cashflow and of course, more management/cleaning time.Long story short, would you take a deal with these parameters:- Asking price $165,000 (pre-MLS price) - Duplex consists of: 1 bedroom main floor and basement unit & 1 bedroom upstairs unit- Total rent: $1600/month (tenants pay utilities)Addendum: I just bought my first property with 11% down (before I found BP), so any suggestions (or links to forum posts/blog posts/podcasts) on creative ways to finance this deal, please let me know.Thanks BP community.

Did the rehab in 1984, still have it and paid off. 

List the people you paid money to in order to assess the property,  as vendors, and pay them as you would any normal vendor via the checks you wrote to them. 

One of the first flips I did I paid $24k for.

It's only for about $1000 bucks so its not huge money and I don't want to have to spend a ton to get paid, but I already invested $250 to file the claim (it's part of the roughly $1000 I got awarded.)  

What I would receive if he paid me off,  NOT the lifetime (20 years) of the $1150/mo payment.