But agree that the condition of the roof could be an issue for your lender and your potential insurance carrier.

VA is great for the 100% financing which covers 2-4 units as well and those can be rented in addition to rooms in a primary.Just make sure you shop around for quotes (without letting multiple lenders pull credit). 

Part of the net impact on brokers and buyers will depend on how the guidance from Fannie/Freddie and lender's plays out.

Happy to run through this with you from a lenders stand point!

I was told by the Trustee, I could finance the condo instead of buying it with all cash.However, since this is auction property and doesn't allow someone to do inspection from inside most of the lender are suggesting that get a hard money loan instead of conventional investment loan.hard money loans are expensive (12% to 13% + origination fees).Does anyone has done this before with conventional investment loan where you don't do the inside appraisal.or any recommendations for lender who can help achieve this?

I'm interested to hear what other experienced investors say, particularly along the lines of private money.Dave 

Hi, I am a newbie for real estate investment and looking to an investment club in Chicago Suburbs for networking and looking for private lenders.Someone know any club or meeting?

On my own house hack I turned a split level home into an up-down duplex or you could say I sectioned off the basement as an attached adu apartment with private entrance.

I would recommend contacting your lender to see what's the hold up. 

Your core 4 consist of a real estate agent(deal finder), property manager, contractor, and lender.