Did you think about moving into an unit and renting the rest out?

@Mark Albano I think you had enough information that I wouldn't even bother to get the rest of the numbers and analyze it.If you want to figure out why, use the calculator that @Hattie Dizmond linked to.

Bought an 8-plex with 20% down and financed the rest.

We have one single family in Phoenixville and the rest are twins/townhouses, bought at foreclosure, etc.

Can I use this for a down payment on a flip and finance the rest of the purchase price with a conventional mortgage?

Buyers try to get 2 times net profit at 200k purchase price putting 30 to 50% down and have the seller finance the rest.

Here are some reasons I like MFRs:The price per unit is less, leaving more cash flowone roof to replaceI do the PM, so finding agreeable tenants is no problemI've found location to be the driving factor on desirability (not SF versus MF)Getting in good with one tenant will give you quick and easy updates on the status of the rest of the tenants / buildingReferrals for new tenants from current tenants are more frequent (they want to live near their friends) get a good tenant, and get a good referral.The cons:Resale is slower.

.§5.066, 5.067, 5.071, 5.081 5.082These sections do:§5.061, 5.062, 5.063-5.065, 5.073, 5.083 and 5.085just doing a drive by look, §5.061 and 5.062 discuss and define the term default, and 5.062 states that if a deed is to be delivered within 180 days, the rest of the sections do not apply.

I WANT TO BE ABLE TO WAKE UP LATE AND WEAR FLIP FLOPS EVERY DAY ;)I figured if I have the ability to do that, the rest is probably doing Ok..

Especially in the kitchen, no place for my eyes to "rest".