Hi BP members, what are your thoughts on 4-8 plex (1-2 Units) condos / apartments that are apart of a larger association (10 units)? I came across a couple in an area that I was already looking to buy. Understandably ...

There is a small risk that if you refinance first and then move it that the bank will call the loan due because of a change in ownership.

I heard this story last year and thought it entertaining but a bit concerning: https://www.npr.org/2017/06/23/533791342/carrie-poppy-can-science-reveal-the-truth-behind-ghost-stories

After saying all of that, real estate prices here are still very affordable and Pittsburgh is still one of the best cash flowing metros in the country (without the downside risk that hyper inflated markets experience).

@Stephen Meche Pets add risk and you should be compensated for the risk...just like your rents compensate you for rentals in a lower class area.

@Marty Summers It's been my experience that all banks have different appetites for risk, properties, and borrowers.

@Diana Dorantes - It really depends on what your comfort level with risk is. 

Builders Risk insurance, most are fully earned  for either 3 or 6 month policies.

You will split your asset in different LLC, limiting the amount at risk in each entitity, creating a better asset protection structure.

I can do it myself but would rather avoid risk if possible?