Hi @Theodore Arzt yes sometimes they have a property manager or the owners wife, so the name wont match on the town records.Usually the ones that are this sketchy from the start don't make it through to the end like you found out.The rental market in Connecticut slows down a bit this time of year.Is your rental priced competitively? 

From some info I've found, I suspect that the borrower is renting out, not owner-occupying the home, and at this rate, I expect they should have good positive cash flow each month. 

Home Possible is 95% LTV, as compared to FHA's 97% LTV, but with the added benefits of beginning with a conventional loan (no mortgage insurance for life of the loan, as opposed to FHA), having a stronger offer, no self sufficiency equation, plus less strict standards for home condition that can kill the value-add ambitions you had with your FHA.Recently there were other changes with this program that makes it an even better product, and the only person on this whole forum who seems to be catching it is @Chris Mason who has written about it herehttps://www.biggerpockets.com/forums/517/topics/42...and herehttps://www.biggerpockets.com/forums/49/topics/609...I just wanted to point that out as you get into it because if I hadn't found this product I'm not sure if I'd even have a house hack right now.  

This is a good article I found on HELOC.https://www.wisepiggy.com/credit_tutorial/mortgage...Best,Tim

First of all, I found the listing through a turnkey real estate investment company (found here on FB), and with stable and reputable property management in place and no renovations , wouldn't the "low rent" riskiness be more than mitigated by the volume of units (45/48 units) already tenanted? 

My husband and I have always wanted to reach our investments into the area I'm now working so wondering if we can pull this off and take advantage of the situation.We found a 3-unit near town with one unit vacant.

I have found a contractor who can do the repair and the contractor wants to come see the roof tomorrow.

I have found a single family home that I'm interested in purchasing and it is already tenanted.For those who have purchased tenanted properties, do you have any advice or some sort of checklist of the questions I should ask the seller? 

If you have a genuinely good deal it doesn't matter how or where you found it to a real buyer.

After looking for a while to upgrade my powertools, I found this, DEWALT 10-Tool 20-Volt Lithium Ion Cordless Combo KitModel # DCK1020D2The usual price is $849, Lowe's has it at $529.I ordered it up at my local Home Depot  and they matched Lowe's prices.