You posted this in the wholesaling forum also.

I know one of the main qualifiers is it has to be owner occupied - which is fine.Will there be any issues with this second purchase being in the same town as my first MF home?

Utilizing this strategy with FHA or Conventional loan products.Although sometimes the 4 units can be hard to find sometimes you can compromise and find maybe a 2 unit or 3 unit with 4 units.

Yes, I do understand their are ways mitgate risk through renting to tenants through housing programs, but my interest relies in buildings with more tenants.

I have a hearing next Friday, and I’m unsure how to handle this situation.

Curious whether you have solved this yet?

For example:Task              Estimate       % Certain       Low Estimate       High EstimateDemo            $1,000           80%               $800                    $1,200Roof             $8,000            90%               $7,200                 $8,800Construction $8,000         80%               $6,400                 $9,600Misc              $4,000            90%               $3,600                 $4,400--------------------------------------------------------------------------------------------TOTAL           $21,000                               $18,000               $24,000For me this is useful to determine a good deal because if the high estimate is still good I know that even if everything goes poorly it will still be ok.

This market calls for patience and perhaps a little extra negotiation savvy, but for those who lean in, it’s packed with potential.Sellers, hang tight!

This contributed additional appeal and incentive to the buyers.Also, it is always a good idea to talk with local experts.

You can also do this online, but harder to build trust.