Since I am new, conventional mortgage is the only type of lending I am familiar / comfortable with.  

My thought was to take out a mortgage against the property for about 250-300k and invest that money in a multifamily 3+ apartments up to 750k-800k.

Motivated seller selling me a 3/2 SFR but not sure what strategy to use.Property Details:Written Appraised Value - 134KPurchase Price - 90KRehab - 15KRent - 1,250/mthTax Rate - 2.54%Strategy 1:20-year mortgage, 4.63% interest, 20% downPurchase, rehab out of pocket, rent it, pay off the mortgage FASTER but collect LESS passive income.Strategy 2:30-year mortgage, 4.75% interest, 20% downPurchase, rehab out of pocket, rent it, pay off the mortgage SLOWER but collect MORE passive income.Strategy 3:25-year, 4.125% interest, 45% downAssume the current mortgage and pay the owner their profit of 40K.

When you can deduct all operating expenses, mortgage interest, and depreciate the buildings, etc., you're talking about an additional, what, 9% return? 

So I find great irony in the complaint, "If my tenants don't pay on time, I can't pay my mortgage." 

What is a mortgage?

The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight Financial Services (BKFS).This new forecast is based on a comparison to the 2005 damage left by Hurricane Katrina, when mortgage delinquencies in FEMA-designated disaster areas across Louisiana and Mississippi soared by 25 percentage points and peaked at over 34 percent.The areas impacted by Harvey have twice as many mortgage properties as those impacted by Katrina—Black Knight estimated there are 1.18 million mortgaged properties in Hurricane Harvey-related FEMA disaster areas, with $179 billion in unpaid mortgage balances.

Can't tell my mortgage company sorry, but Rentigo is having problems getting ACH to clear.

Mortgage Fixer Uppers10.  

Were there any lienholders (mortgage, IRS, Medicaid, judgment, etc) on the date of the tax auction?