But, my annoyance comes with the fact that it is difficult to get replacement parts for anything right now due to supply chain issues, leading me to have to find, buy, & pay for installation of another appliance vs a simple cheap repair each time something breaks.

Also I think this property might be difficult to resell, but would definitely be rentable.

FHA 3.5% is very difficult to get accepted contract in this highly competitive Red HOT Real Estate Market across the major metros in the country.I will suggest you get a 5% Conventional Financing.

It is not that difficult for your CPA to master the regs in a different state.

@David RosenhausI have bought a similar note and it listed each property on it and it had a commercial mortgage that listed all the properties on it.Without seeing it, it’s difficult to provide advice but it’s not out of ordinary.

Not knowing the exact paperwork you got when you bought the property with the owner financing it would be a little difficult to fully advise.

.$800x3=$2400-HOA$1350-mortgage$900=$150$1200x3=$3600-HOA$1350-mortgage$900=$1350I have difficulty seeing the benefit against the risk to my primary residence and to be honest scaling up would be difficult as I would loose money if units were not rented.Option 2 is a duplex property which would only scale slightly over time with upgrades.$2000-insurance/yard$525-mortgage$900=$575Option 3 would be to find a 3 unit building that could make between $1875 per month after all expenses and mortgage and scale to $3075.00 with upgrades.Of course option 3 is sounding better but finding a 3 unit building at my price is not going to be easy.The 1% rule is becoming clouded when factoring in the cost of the home refinance.Please provide feedback on my way of thinking.

I make the distinction because the bigger guys don't want the medium ones as they are more difficult to manage from afar because they don't support a dedicated on-site manager and handyman. 2.

I know this is difficult to visualize without seeing the house. 

Very difficult to get owners to sell on first approach.