Good afternoon BP community.  I am looking for an Architect in Gastonia, NC.  We are looking for somebody specific with making converting an apartment in a multifamily complex from a storage unit to a rentable unit.  ...

To add onto what @Wayne Brooks said:1) I have never heard of an AM with an REO approving a seller financed deal.2) Something sounds off about the whole transaction to me.

There is a deed restriction given in favor of an anchor tenant.

We rehabbed our primary house and are now building a duplex from the purchase of an off market lot, all with owner occupied financing from a portfolio lender.

With prices up across the board I would tread carefully on buying there. 

Since a security deposit is calculated in what is owned / returned, I would want to be very careful.

I have a kind of an odd questions for fellow landlords or if anyone is in the insurance side.Last year when Irma hit South Florida, I suffered quite a bit of damages on a number of my rental.A particular one is a multi family building - I had fence damages, tree branch fell on roof, poked a hole through the roof, through the ceiling, debris everywhere inside, outside...so I filed a claim to my windstorm insurance carrier.I was lucky that the apartment the branch went through, was vacant at the time. 

@Eric Van VlietEric,I have completed quite a bit of Investment property rehabs and take care of projects for property managers in Kansas City.

I suggest you carefully think about flipping condos in Montreal.1.

But I'm still looking around the south sound area for the unicorn of an affordable duplex or triplex.