If you want to discuss more you can always send me a private message but so far I don't see any negatives with purchasing the multi-family.

Many are private owners just subsidizing their mortgage or they would not be able to afford the house without renting it out much of the season.

Hard Money and Private Money How did you add value to the deal?

. - Land in scenic areas for potential as a low density campground / private park / RV Park. 

However when I would do work outs it could be a challenge for private second holders to understand the pickle they were in.All the more reason every investor should obtain qualified legal consultation before investing directly into notes 

I financed it through a private lender.

It can be used as a 4/2 with a private attached studio, or as 4 room rentals with a separate studio (which is what we currently do) or as a 5/3 SFH. 

Looking for solutions to offer financing to buyers:We have a unique asset class that we're building out here.  The land is unbuildable for residences and we build these storage workshops on the properties.  Each lot i...

Is 1.3 usually what you see with those smaller private sized projects?

Learning about fix-and-flips and leveraging private or hard money lenders can help finance flips.