Why complicate things guys?

So he may entertain seller financing.You need to head to your bank and see if financing is available, being a rental will complicate things, but your purchasing as an owner occupied can most likely justify terminating the lease, with proper notice from the seller.Actually, I think you need to get to your lender, shop around, be prequalified for a mortgage loan and see what you can afford.

Between FHA and VA Loans there are over 9 million assumable loans across the US currently, with about 30% of them having rates lower than current rates (Around 4.20% as of this posting)From everything I have heard regarding the process, though I have not personally gone through it, it is different due to paperwork but not more complicated or lengthy than a normal residential sale.

Anything is possible, but it makes things a little complicated and your seller might not like a deal that has to go through the loan process.

This is a long and complicated discussion.

That being said it is so complicated and courts being what they are it is good to get some legal advice.

Since both properties are exactly identical in term of number of units, parking spaces, gross incomes, expenses and so on, I am combining the specs so to provide a less complicated picture.

In reality, the number is actually 31 due to complicated logistics issues.

Uncooperatively: 3) Foreclosure - Stop paying and the bank will sue you to take ownership (this is much easier for the banks in trustee states vs judicial states) 4) Bankruptcy (Chapter 7) - Turn all your assets over to a trustee who then sells them all and divides the proceeds among all your debtors.

Spec builds are complicated and expensive.