@Linda S. ive had my share of bad luck with my first home, this has been a great change in pace so far!

Good morning BP,Thank you in advance for reading my post. I have over the past 10 years acquired 23 doors consisting of sfh and duplexes throughout Florida. Right now I'm working on a 40 unit about 4 hours from me whi...

Essentially you find a multi unit building, get FHA financing for the least down payment and while you live in one unit, other people pay you rent for the other(s).FHA offers financing for up to 4 unit buildings, allows seller contribution toward closing costs and gift funds toward down payment. 

Originally posted by @Thomas S.

South Chicago area, like near S South Chicago & S Harbor Ave2.

I will pay him back post refi the agreed upon loan + interest.Question(s) is...during the purchase phase/closing.

In the next couple of months I will inherit a 1940's single family home worth ~$240k from my grandfather.

@Jim S. 

Basements at best appraise for 50% of the value of the main level(s). 

@Thomas S.