Why would anyone want to give ownership rights to you for rent payments.  

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

The best way to jump into buy and hold ownership is to target an owner occupied multi family home with an FHA loan - which means only 3.5% down payment.

You can ask new lease holder to sign your lease but if terms are not equal he can stay as is and that's that.Post on entry, and deliver to door your name and emergency contact information , who and where to pay, as of date of ownership, Seller should also do same notice to tenants introducing you as new owner.

When pooling money from different people an entity not only provides asset protection, it also allows you to clarify various tax and ownership related issues.

We are on the same page regarding the culture of the inner city, however what I find as that many of the residents do not fully understand the mechanics of home ownership.  

Title fees being the big one Other than registering the mortgage, you should not incur additional title fees unless there is a simultaneous change in registered ownership ... but, undoubtedly there will be variations between jurisdictions.