The only issue will be if YOU can adjust your expectations to accommodate the expected issues with living UNDER your tenants such as tenants (walking at odd hours,friends over,parking,trash,different work hours,infants,use of common areas such as yard)The best thing you can invest in is soundproofing and carpet padding upstairs.

How do you identify new markets to invest in? Is

From your post it sounded like you wanted to buy your father a home that he could live in. I

What is the payoff on the noteWhat state is this inI assume it was not owner occupied (if it is then you can run into some serious issues if borrower fought foreclosure)Have you run a title report to check for any taxes or other liens owed?

Hi @Jay Green it seems like the above posters have done a good job chiming in. I

Plus the properties I am looking at and confirmable investing in is about 500k plus rehab cost.

Another market I work in is great for BRRRR or flipping.As for your questions:-"I am more confused on the purchase price/offer price.

,While I can't comment on what the effects of the furlough will have in your specific case, the rest of your scenario is very similar to the situation I am currently in. I

Buying a 50 meal to dine in is much cheaper than traveling or taking vacations to far away places.

I currently work full time, most of the time putting 60 hours a week in. I