If something did come up the lender could essentially foreclose on the property and take the property over to recoup their investment. 

It's absolutely essential to your success.

We found it on the MLS and we got it essentially for asking price.

Not next to a fourplex with all kinds of cars parked in the driveway and kids out in the street.Your goal as a house-hacker should be to control a more-expensive property for less than the amount it would normally cost you every month, reducing your monthly obligation to the expenses and winning on ROI with the appreciation on a pricier property.With minimal down payment, even on a fourplex the best you can hope for really is to break even every month and essentially live rent free.

Pretty cool way to accumulate properties (essentially for FREE) while you serve.

Essentially:-purchase agreement stating you are buying subject to the mtg, property taxes, HOA, etc.  

So essentially my uncle got with a realtor to sell the house, and here we are roughly 8 months since my grandmothers passing.

This tax law change is not a good idea.When you’re investing the kind of money required to purchase and manage property, tax benefits become essential.

Most of the banks I have spoken to tell me that in order to get a loan I would have to essentially rebuy the house from the seller and that just doesn't seem like something I want to do.

I think a clear goal is essential and I feel like I’m close to knowing it all the way!