Property is occupied.

I am trying to house hack (3.5% down, owner-occupied, rent other rooms) in the Bay Area (driving distance about an hour from Redwood City and SF).

Needed a place so we bought this property, updated it, then moved out after 2 years.

@Vi Huanghire a property manager

Property manager reputation? 

Once you stabilize and raise the rents it would be the hope that the property would appraise for more and the owner would refi and get back significant returns.

Research the County Clerk / PVA office for LLC, and individual names that have a bunch of properties listed under their names good way to identify landlords w/ multiple properties.Just a couple of ways to find package deals. #2 is also a good way to find off market deals which is where you can save the most even if it's just buying a house direct from the owner w/o an agent.  

My brother has indicated on multiple occasions an interest in us buying rental properties together - he would be financial equity, I would be sweat equity.

What market is this property in?

250k owner financed130k sub to120k cash (private money)We invested $0 of our own money into this deal.