But my guess is you are effectively valuing the property at land, maybe a touch higher.  

Anything residential will be much higher touch and involvement on your side.  

But the damage caused by hanging them (namely puddying the holes and touch up paint, or repainting walls if touching up doesn't work) will come out of their deposit. 

I'm a licensed general contractor but I don't touch existing inventory just ground up. 

@Varun Hegde the guys who answered you will know MUCh better than me but I am lost and wouldn't touch this (I am not a note buyer) If I understand you are essentially getting an assignment of the rights to collect the payments, like buyiing a note.

I could tell you that Ardmore is super safe but youre looking at $1M+ for a quadplex.If you need help getting in touch with a lender and seeing what you can get qualified for, don't hesitate to reach out.I would recommend NE Philly and Bucks county as they are very close proximity to princetonI would:First get preapproved and then start to target the areas I would be comfortable living in.You might have better luck with Duplexes in the philly area as there are more of them out there.

Our government has laws restricting lenders from closing loans that are small loan and high cost so many will not touch these even if investor.

So everything that they touch has some sort of risk.

I have a go-to I use for rental properties though, and I can get you in touch with him.

I recently got in touch with a smaller bank that is able to do a 6.5% interest rate.