. 😂 your just not up to speed on how real estate is transacted in todays world.. that's all that's why it sound scummy to you. 

If the owners can't afford upkeep, they may have major roof, floor, plumbing, electric issues which at today's cost of materials to fix and update will cost so much more than the unit is actually worth.

Hi guys,Today I stumbled upon an off market deal that has some really great potential, it's a 4 plex located about thirty minutes from my residence; the issue that I have is that the 4 plex is seperated out into both residential and commercial units...there are 3 units upstairs, all three of them are 2 bedroom 1 bathroom apartments being rented out for $500/month each, and then a commercial unit downstairs that is being rented for $800/month. 

If you're the type that doesen't want to deal with tenants and the day-to-day operations of managing real estate properties, you may just want to hire a good property manager.

Lots of competition from other established student landlords, so if you find a place that meets the relevant criteria, be prepared to move fast!

You learn real fast when you have to.

Today, the realtor lit up my inbox, and by the afternoon they both had me back on conference call telling me to jump on this house.

I had an epiphany today, and confirmed with our attorney but just wanted others feedback to double check. 

The borrower just came out of BK which stayed the previous HOA foreclosure that they are continuing with, and we are now starting FC as the 1st lien holder.I had an epiphany today, and confirmed with our attorney but just wanted others feedback to double check.

You would also only have to live there for a year after the loan closes.The only trouble is finding a multifamily property at the right price in todays market.