I'm not sure their experience with something like this, but they would definitely know the right people if it's not something they can do.

So what was your experience one year later?

While it’s still true that he doesn’t have liability as per the lender; he may be sued by the seller or new buyer if default occurs in our current legal climate.  

Dear Kay Brown, Thank you for sharing your experience, and we appreciate your feedback.

Anyone have any experience with this?

However, neither ourselves or the seller have experience in this kind of deal, so understand we will probably want to loop in legal advice as/if we proceed.

You can specify the coverage level for the dwelling, household furnishings, loss of use, liability, and medical payments to others.

I'll probably update when it closes but I am curious of others' experiences in the meantime.

Hopefully, this first investment will launch our journey in real estate.Here are some criteria we have in mind:Not in downtown SacramentoClass C+ or B location, since we will be living in one unit (we just want a safe location)Units with shared walls, not ceilingsSeparately meteredFairly renovated or well-maintained (not a fixer-upper, but if one unit is renovated and the others need some work, we would love the experience of fixing and renovating)Can you think of any other factors we should consider?

I'd be happy to connect and talk about my experiences investing in Phila and the market as an agent.Reach out anytime!