Do you find it difficult managing multiple people under one roof in the lower income classes?

It seems it could work for lower priced properties as an alternative to hard money .

If it's a junior lien holder, still, they aren't going to bid anything after their total debt but other bidders might get into a frenzy thinking they are getting a screaming deal (If they didn't do their homework about other liens).Even where its a run of the mill senior lien holder foreclosure, they still won't bid over total debt but, they might set the opening bid lower than total debt if their analysis shows the property to be worth less than total debt.

I have a local lender that says seasoning isn't an issue so the refinance time frame isn't an issue.I just finished going over numbers with the HML on my down payment portion so I will have to redo the numbers all the way around.Thank you

The smaller/lower asking price the property, the less leeway I have been seeing sellers give on purchase price.

You rent out the upper and lower units and the total creates positive cashflow that may not be available in a regular single family unit.

She is still under the prior lease, which you inherited.If she still doesn't leave or pay within that timeframe, then determine if you want to try evicting her yourself or hire a company/attorney to do it. 

No sense (in my opinion) arguing over $250 on a six-figure purchase price only to end up with the guy who cuts corners to make up for the lower price.

The rates went up big time yesterday btw Once you figure out monthly mortgage payment, property tax and insurance and the total is substantial lower than the market rent then it’s worth looking into.

And, as you have discovered, property prices are much lower in Richmond than in MA.On a personal note, I'm headed to Beverly later this month.