The first tenants who lived there stayed for 13 years until both their kids graduated from high school, even though the father had to drive 75 miles one way to work every day, just so his kids could go to this good public school.If you have a good product, good value and in a good school district and a good crime area, it probably doesn't make any difference whether you have single family investment properties or multi-family properties.

@Kevin Sheppard, I am in the process of doing a Fannie Mae Homestyle loan which is a similar product.

But it is more productive than spending time on Loopnet, which is where the bad deals go to languish when the brokers' good clients have turned them down.  

http://www.youngmanufacturing.com/products/retrotread/

Some people might have that luck, but I certainly did not.Brock is a really nice guy, but obviously the product he is selling has some flaws.  

My recomendation is the FHA product with a multifamily property.

The final product turned out great and I am now proudly living in my own little slice of paradise.

The final product turned out great and I am now proudly living in my own little slice of paradise.

A quick search says production stopped in the 1990s on these. 

It’s still something to pay attention to because if this is needed to sell homes and keep occ up then you need to be confident with the demand for your product in the market but it is not abnormal for this type of strategy in our industry, especially when a high volume of lots are being infilled and leased up quickly.