No direct experience with a small multi-family lease option (LO), but the process is the same regardless of whether it's a SFH or a 1000-unit mega-plex.I'm going to outline the basic format of an LO, in case you're not familiar. 

@Peter Walther If the “seller” fails to disclose the existence of an HOA, any CCRs of record (included as special exceptions in the policy) don’t reference mandatory periodic assessments, there is no recorded HOA lien, and the auction terms state that the buyer takes title subject to any existing dues or assessments, how does the title claim shake out? 

Our bank allows us to appraise “subject to improvements” and we are able to take up-to 80% of that ARV out up front.  

Their records are subject to review by the government, real estate commissions, courts, law enforcement, local realtor board ethics committees.   

Trying to talk to friends and family about partnership is a touchy subject.

I don't really see anything wrong with this practice, but it seems a little funny to me, because the subject line is always "Off Market Deal..."

However, I’m curious what you mean by “voucher” in the subject of this post?

To be clear when you purchase a note and mortgage, you’re buying the debt that remains to be paid on the note, which is secured by the asset outlined in the mortgage.

Although I am a Broker, I've not run my own Brokerage, however, I'll offer insight from my own experience as this is not a very cut and dry subject. 

My sister and I own home in trust left by dad I live in property and have for over 20 years I own 1/3 sister owns 2/3 I was approved for a home equity loan the underwriter wants to see a copy of the trust . Why and ca...