That would be a long-term speculative move.I do find it hard to believe that an 8-unit property isn't zoned properly.

I left the Chicagoland area (Chicago proper - not the 'burb dwellers who like to claim Chicago) and WISH that I had house-hacked while I was there.  

4) Anything else that I have missed in order to make sure that my first lending deal has been executed properly.Thank you

Once you agree on terms of the offer and both parties sign you have an executed agreement.

You will pay a little more (not much), but you will always get proper legal advice from them, advice that a title company can never give.

Thanks @Steve VaughanI know it is a good opportunity just want to make sure i execute it properly.

Hello,Hope you are doing great.Quick Introduction about me: I am newbie Investor with 3 SFR positive cash flowing properties - all are Buy and Hold Rental properties - I am able to Traditional finance for 30 years fixed up to 100% of purchase price (by executing 'Buy-Rehab-Rent-Refinance' strategy).My new venture: Seller accepted the offer of 95K that I made on a fourplex property located in Houston,TX and I like to find out the next steps on this.Details about the property:Good-This building got all 4 units rented (525 … 565 … 550 … 550) with total monthly rent of 2190.

Looking at Student Rental #3 in December, and then for 2016 learning about the BRRRR method and executing upon a deal, so if anyone has information, currently does it, or can give any advice, I would LOVE to hear from you!!

Parts of Detroit Proper are awesome.

No you dont, you might want to involve a lawer to make sure that your transaction is recorded properly.