If so you might be able to set up a solo 401k, then transfer the money by a legal sleight of hand.Walt brings a great point: Solo 401k is a great vehicle which give you great control and flexibility to invest in a tax-free or tax-deferred environment.

A bank can not be fined or jailed for violations of the lead or asbestos regulations, but a buyer can.

@Marcia Maynard Here it is against regulations for the Section 8 tenant to pay more than the HUD FMR.

All of that is aside from following the regulations properly.  

I love the people, I love the challenges, I love helping, I love the positive environment , I love the diversity, I love the freedom it brings and the wealth you can acquire from this career.I became active about a month ago after attending several meetings and seminars for about 7months ( when I felt like I've gained enough knowledge to move with confidence) Now, I just want to be around real estate and anything associated with it, ALL THE TIME!

These are generally heavily regulated; 200 of these units wouldn't necessarily be a difficult number to reach, just appreciate that you are now landlord to dozens of likely transient tenants, and the municipality may not let you do anything with the buildings other than what they're currently permitted for.If you mean HMO in some other way, then I have no idea what you're talking about.

Depending on local zoning and code regulations, you might be able to keep that 3rd unit if you legalize it, or you might have no possible way to have any living space on the third floor, or many in-between options (including the suggested conversion of 3rd floor space to part of 2nd floor unit).  

I would like to hear from several of the historians here that went through the most recent housing collapse back in 2007 through 2010 regarding what happened to their buy and hold strategy in that kind of environment. 

Saving endless hours searching for listings, rules and regulations of each state.  

I grew up in that type of environment so it's no big deal.