Thanks,T.

The deal hinges on purchasing the property as a 3 family.Can a party of interest, a buyer with a purchase and sale, obtain permit for a 3 or temporary certificate of occupancy?

I even read in one of the previous discussions that there is a way to obtain numbers from all renters in my area code and send them a short voice recording at a reasonable fee, although I'm not sure how to do it.

Therefore, investing in real estate can be a good way for her to begin her savings and be able to tap into emergency funding.As everyone agreed to this win-win situation, I am trying to take the next steps forward in mitigating as much risk/challenges after obtaining the heloc.

“Buy” the property from the homeowner at current market price, but let them continue to live there and offer continued support to get the house up to common standards, and keep it that way.Establish minimum standards referencing those used to obtain FHA lending.Probably worth a professional home inspection if it has been more than 6 years since the last.Build a step by step scope of work and schedule that brings the house up to common standards.Schedule “check-up” walk throughs after year 1, year 3, and every 3 years after that.Ideally the resident of the property will carry the note, or a combination of a smaller loan from a bank to cover a chunk of cash if needed.Establish the purchase price at the beginning of the relationship based on current market value.

If you find a good deal you should t have too much trouble finding money partners.

I am new to this, but found a formula that followed my thought process pretty much to a “t.”ARV - repairs - realtor fees = final and best offer the first time.

I have another tenant that moved out before eviction. for him I would have to go to small claims court first and obtain a judgement before you may put on their credit. 

Would anyone have a good example of a pitch book of sort that you used to obtain a hard money loan for an investment property?

There are some crooks out there.Thank you for the great suggestion @Layne T., I plan to do just that to double check - I was just reading a book about contracting and the author mentioned how there are definitely varying levels of quality and honesty among contractors (like any profession I suppose).Have it cleaned out with a 4” bit then camera.