what is the mortgage balance, is it current, how many payments back, what are properties selling for in the area (is his price above or below others), *how much seller financing can the seller take,* how much cash above the mortgage would seller accept, how fast does the seller want to get to the settlement table, what repairs or up-dates does the building need - you could ask if you had $10,000 to spendon improvements - what would you spend it on?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Can be VERY dangerous for seller - seller is legally responsible for a mortgage secured by a property they no longer own.  

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You can't often get them to fix anything and the lenders won't help in any way.

Uendy GarciaHi Uendy, we are rehabbers and lenders in the Delaware Valley.

This would be a pretty sweet deal for me if possible as it would combine the tax advantages of 1031 with the leverage advantages of owner occupy multifamily mortgages. 

Now the profit from my last place won't cover these types of numbers so im looking for help vetting and/or finding a good hard money lender.

(Currently have a lender/agent).Appreciate any tips!

The underlying note is a USDA loan at 3% interested.The interesting part is that there is about $60k of equity in the home after paying the entry fee.One of my title companies is refusing to insure the transaction due to the underlying lender being USDA, and telling me that it is a bad idea to do this on a USDA loan.