In addition, they are either 100% occupied and receiving rent or 100% vacant and a big expense, where a duplex can be 50% occupied and when you have turn over or a non-paying tenant you still have some rent coming in.   

And like the bank, you also have the right to take the house back in the event of non-payment.

If it hasn't been mentioned previously, one area that I often advise out-of-state investors is to be aware of the property tax rate for non-homestead, and factoring in the higher tax rate when running your numbers.

Cash out refinances are not taxable events in themselves, but you wouldn't be able to go to 80% LTV on a MFR non-owner occupied cash out. 

Her response to our notice of non renewal is that we will have to pay the homeowners association to remove the gate as she can not move out all of her stuff through the front door.  

Please, PM me if you have any further questions, CBRE in currently the #1 non-bank originator of multifamily financing in the US.  

Most require paid subscriptions, but just know that they are out there for non-agents to use.

Trust docs are not public record.

Now, if the seller is in dire need of cash and you want this deal, you also might work out an arrangement for a non-refundable deposit that will be applied to closing as long as you get 7 more days.Good luck.  

The question is: can my Uncle's estate IRA lend me money for a real estate transaction as I am a non liner descendent?