But its true, when your young leverage has the ability to work in your favor.

J Scott,To return the favor of sending me your hardwood guy, I have a great electrician that can take care of what you need.

So the local market is telling you that product is not in demand or favor as much as the other types.Your MLS usually has most of this data.

Small Multi-family (2-4 units) can get favorable finanancing like single family. 5+ units requires commercial financing, but creativity can be used,such as seller second mortgages.

I am assuming this was written in the 2000s when rates were much more favorable compared to what they might be going forward.

Strike 2 against you on this: no previous landlord experience; for the rental income to count favorably in getting a loan, 2 years of tax returns showing that rental income is a quite common bank requirement.

This is just one of the the telltale signs of a financially distressed property owner who might be willing to sell at a discount, or on favorable terms.

I don't know anyone who is in favor of that, therefore making the "protection from government" argument moot.2.

In addition he also needed to have an LLC set up on Nevada or Wyoming there state laws are in favor of business owners.

If you have cash you can also attempt to buy the note from the lender at a discount and work out an arrangement with the seller that way.You can also assume and ask the lender to write down the mortgage or change the terms to more favorable rates and terms.