I've been in Nashville 11 years and travel all over town for my day job, so I have some insight into most areas of town.Nashville's a pretty tight market, but still some deals to be found, so be prepared to look hard!  

It would have been tough for me to qualify for conventional because banks requied 20% down on 2-4 family props and cash was tight at the time. 

`````````````````````````````````````````````````````````````````````````````````````````````Buying your own home with Lease 2 OwnThere many people think they can buy their own home the live-in because they have bad credit or they can't afford the down payment.Right now credit is tight. 

If you don't want to remortgage than the next thing to do is live frugally and maintain your business numbers "tight" (take care of the houses but minimize "wasteful spending" than reinvest those earning into future homes. 

If you a rental with 1 - 4 units (including single family homes and condos), registration deadlines will occur on a rolling basis determined by the rental property's zip code, with the first deadline due by June 30th, 2015.      

I just bought a duplex in Hudson County, NJ a few months ago and I am house hacking (renting one unit while I live in the other).My numbers are really tight too. 

We want to take out a loan to cash out some of our equity (say 50%) but we can't get qualified with the incredibly tight lending laws these days due to our self employment income not being high enough even though we get over $4,000 monthly on top of our self employment from my wife's dad's retirement fund but can't be used in Texas as income because she's POA and POA money can't be used (Power of Attorney).So we decided that maybe (with our daughter graduating HS in May) that we should instead sell our house and downsize from 3750 sq.ft. home to 2200 - 2800 sq.ft. home out of our city and cut taxes in half and cash out to fund our RE investments.Then we thought that maybe we can cash out instead one of her dad's annuities (valued $311,000) and buy a new home with that and instead lease our home (high lease area due to the top level schools in all of Dallas county).

@Sean Ploskina I've been told it's pretty tight in Hampton Roads as well.

Got hit pretty hard when the market tanked because I got so many of them back, but its a pretty viable strategy in an appreciating market with mortgages as tight as they are. 

Be it a sale contract, an option to purchase the remaining partnership interest or another buy-sell agreement, these sellers will have a performance period to buy and if you fail to meet that deadline, you're skinned as the deal expires and your 49% reverts back to the seller.