We bought a duplex in south Austin with the intent of living there and renting out the other half through the 203K loan program.  

Wholesaling for a Year and half now in Ocala florida still have a lot to learn.

I buy houses at 15%-20% of current fair market value.A hard money lender will put up Half only in this scenario.All of the various methods on this website REQUIRE finding a good deal except for owner occupied FHA/Conventional financing and that takes at least mediocre credit.

It was a 1997 mobile on a basement with a 1 acre lot and it was half that cost.  

While I dont know for sure that they would burn it, it is in between 2 fire jurisdictions, one being a 50/50 department (half paid and half volunteers) and the other is completely volunteer and I dont see them turning down the chance to burn a building for fun.

It might require you to go 20 or 30 miles in a different city.  

Super excited and nervous as this will be my first investment and as a recent grad, it currently takes me half a year to make 24k (before taxes... so really closer to 3/4 year) so I definitely dont want to make any silly mistakes.Thanks in advance BP!

The house is in a hot market 60 miles north of NYC with a lot of “granny houses.”

@Anthony Caltabiano - if by multi-family you mean a duplex or triplex you might be able to track something half-way decent down in Crestview.  

This is a retail strip with 10 store fronts, half of which are vacant.