@Seth Rouch $150 a ft is probably still safe for single family depending on area, square footage and price point (basements less per ft).

They are a partner in the transaction so your success is their success.

If I end up collecting rent, it should be safe enough of an area that I could go at any time of the day with no worries.

I am not sure if your loan officer would get a better payday but a safe bet is that if they do not have investments themselves I would steer clear of their advice until talking to others with investment experience.  

The inspector is usually retained and working on behalf of the buyer.So, contact the HOA, see what the HOA is willing to do, see what the seller is willing to do to remedy the situation, and decide whether you want to proceed with the transaction.

Chris, the "no money down" thing works like this: You get Transactional Funding to close the AB transaction.

If you're considered a dealer and the transaction is, in fact, a flip, then the property is considered inventory.

If the seller wants to use their own attorney, we require that your attorney is in receipt of the 100% of the amount necessary for the BC to close when we provide transactional funding for double closes.

This have been difficult for me because I have not yet done a transaction, I’ve sold some homes as a Realtor, but I feel like with how appreciated our market is, the price I would pay for the 4 units would be higher than the rent (unless new paint, carpet, and appliances were added - then I could increase the rent)...my biggest area of difficulty though is the MATH.

People often include these (and right of first refusal) in real-estate transactions without really thinking about the exact mechanism.