Hello,I am looking at a 32 unit apartment complex priced at $2.5M. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

My goal is to buy a multi-family unit and house hack in Houston, Texas.

One cool thing about the 203k is, although the FHA loan only allows the property to be up to 4 units, you can actually buy a 5-unit or 6-unit and convert it back down to a 4-unit, and it will still qualify.  

First thing to understand, St Cloud area has a significant % point of rental units too ownership far above state average, with that knowledge at hand know regulations were far more relaxed for some time, and than a few persons came into the market and took advantage of that freedom and in short created a situation that forced the city into action, it's just that simple.

Buy with equity and cashflow, improve units at vacancy, increase cashflow and then pull money out and go do it again.To Your Success!

Renter's insurance ensures that if something happens to the unit that renders it uninhabitable that they have a policy in place to provide financial relief for relocating.

I ran into an issue with insurance on one of my properties.House built in 1880, 5 units with another in a semi-detached house that has its own address.Insurance before purchase was a bear but I finally got Auto-owners to cover it.A year later they reviewed it and oops your electrical is not up to code and now I have to spend another $30k to fix it or they drop me.If it was only 4 units then it was likely that Foremost would have covered it with a rider.

The unit is zoned commercial, and I pay some of the utilities.

I want to buy him a home (1-4 unit) which would be his primary residence.