From a friend:I am currently a college student with three years of College left.

ssr,biggerpo glossary: http://www.biggerpockets.com/glossary.htmlim still learning these too :)did my previous post make any sense/ help you. i hope so, but i realize im not good with words.

It is a duplex with two mobile home lots also on the lot, I have worked out the issue with the mobile homes so they are not the problem, however the duplex is currently being occupied by me, and a business. the duplex was previously used as 100% residential, and is still outfitted for full residential. is this gonna be considered commercial.

The homes will be in the general area of the college...Keith

when you buy a foreclosed home in maryland, do you have to pay off any back taxes the previous owner neglected to pay?

All the while, still doing 70-90 houses a year in my own town.I gotta imaging Lubbock is a goldmine for REI with all the college students there.

As the previous poster has indicated, owner occupied financing is available up to 100 LTV (100% financing).

I was wondering what rights I have if I am buying the property with previous rental agreements in place.

I've gotten a fair number of leads (but no buyers or renters yet) off Facebook so I'm not sure how effective it is, but if the property is in a college town, I'd do it.

I believe you are from NY, and if this is the case, NY and CA are the only states that the conventional loan I outlined previously are not offered (BTW, your credit history or lack of tradelines would have been acceptable).