@Zach SimpsonRead the book “set for life” by @Scott TrenchIt is a perspective changer, and the choices you make now will either “set you for life” or keep you in the rat race.

However, what I'm really curious about is where other people draw the line for themselves and if they are still okay with their choice going into this pandemic situation.

There are some regulations and stipulations around FHA loans for 3-4 units (self sufficiency) but this doesn't increase the down payment and make it a commercial loan.

It is a personal choice to stay and contribute to the struggle there or consider alternatives.

Assuming the bones are good, I'd probably offer 250k for it as it is, but if the seller would entertain terms, there's another couple choices I was going to present

Just operate with integrity, don't take advantage of anyone, and make sure you're helping people out instead of convincing them to wholesale when sometimes retailing their property is a better choice.

This can be very expensive and is usually the worst choice to make because you can't justify the cost.2.

Whether or not it's a lender requirement, you do need reserves sufficient to cover vacancy and repairs or capital expenditures on a property.

If you have fewer than 20 units, I think spreadsheets are sufficient for tracking everything.

This gives you both a choice of which is a more qualified tenant AND the opportunity to ask for highest and best (yes, you can treat multiple applications like multiple offers).