Did that help contribute to the lower cost or is it typical in the area to have the pipes run outside with insulation?

While the return on these is lower, it will allow you to defer your gains until you find your next multifamily.Best!

I would rather see you taking a low down payment loan while doing  the minimum time as an owner-occupant in a triplex or four-plex house where the renter might at least lower your rent to make the debt payments, while adding value while you are there and managing next door places. 

Luckily, I am hoping to close a deal that will lower my own living expenses so I will be "cashflowing" big time.Definitely soak up as much as you can.

or would the owner still have to purchase another property in the time frame using that trust?

They want 650,000 as first offer, i bet i could get it lower.

On the other hand, renters are paying the notes so who cares, and a 30 year note would mean lower montly payments, thus a higher monthly cash flow, more houses bought more quickly. 

@Chris Sellers,What was the time frame from start to finish?

In a town with lower incomes but two blocks from main street with shops and restaurants. 6.

Have a local bank providing the loan, have my son moving into the lower level so I got an FHA 3.5% loan and the property is valued at 220k.