Simon make sure and define a strategy for why you are wanting to buy a property.Owner financing houses and apartment buildings are different animals entirely.

You are mortgaging your future to the point that you may welcome criminal action so you will at least have something to eat and a place to sleep.

The ones that do lend on commercial or mixed use are way more conservative on LTV's and down payment requirements.Even if you could structure such an arrangement your high debt service would eat you up without any income coming in.

Condos typically have HOA fees that eat up your cash flow.

Those kinds of problems can eat away at profits very quickly.Good luck!

Fulton county still has crazy assessment of 2,000 to 3,000 a year in taxes so the taxes alone eat up almost any cash flow.I remember Detroit have really high taxes on those houses that were low priced.

NEVER drink or eat anything offered to you by the seller (could be laced with a date rape like substance).4.

If you find this is a money pit and end up eating a big loss, it could turn you off from what would otherwise be a profitable investment path.

Wear a suit, eat the rubber chicken meals, listen to the presentations and don't try to sell while there.

And yes, blowing savings on eating would not be productive.