It's hard to find an affordable duplex, townhome or condo that appreciates and someday you WILL want to sell.)In my experience it's best to buy your own home first, live in it awhile as short as 6 months, ( buying it owner occupied for the lowest down payment and best 30year interest rate: do an adjustable ARM, 5 year if you can get it.)

This is just very early planning to see what I might be getting myself into if I were to move forward.Purchase Price: $60,000Renovations: $100,000Down Payment: 3.5%Terms: 30 Yrs @ 4.5%ARV: $229,000Taxes: $3000/yrInsurance: $1000/yrRent: $1000/unit (2 units first year, 3 units going forward)What do you expect that I might spend per month on maintenance, property management, and vacency?

I would suggest to use the 10k as down payment on a fourplex.

Then I would be only borrowing 42k and then paying the mortgage which would probably be a lower payment than the HML. 

If you were to have a sheriff sale against your personal property due to a dispute with a creditor, is there a way to stop or postpone the sheriff sale to either set up payment plan or dispute the claim?

For me, I had failed to make payments on a few credit cards and student loans.

Our agent was able to hook us up with a FHA Grant loan broker, in which the government just flat out gives you the 3.5% down payment.

My parents want to get a house closer to town. so my thought was, could I potentially just purchase a multifamily house in Lafayette Indiana using a low down payment financing, since I would plan on being there for a while myself, then rent the other side to them (under market value and less than the crazy high mortgage they pay now, but still high enough to fill an emergency fund into the house) I would be using my own low living expenses to build up capital for my next investment property.

PMI, sure, why not, i would try to include it in their payments, just like the banks do.

The best way to get money to buy another property is the down payment amount and appreciation you cannot count on.