Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

No special permits required.So what's the actual difference between that and making those exact same physical changes to the space and throwing a microwave the counter and storing stuff down there sleeping there?

If you're going to do lead generation using direct mail for example, then you'll spend a lot of time twiddling your thumbs at the office while it's in production and being sent.

They make a name for themselves as experts in their filed and then sell that image to unsuspecting fools who pay thousands for their products.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing or vacation rentals.

I have a friend who has used that product to buy an owner-occupied home, then used it to buy another when their circumstances changed, and rented out the old one..

First of all, most businesses would be quite content if they could sell a product that costs them $500 for $1000.

A tenant will appreciate the finished product far more than your efforts to get it there.

In NC at least (and apparently not some other Deed of Trust states) a foreclosure sale must pass through the Special Proceedings Division of the clerk of the superior court.

Third level is getting the perspective of the local folks in the trenches: Property managers, lenders and loan brokers, RE brokers who specialize in multifamily.