However, not everyone has the income to qualify conventional, so the alternative route would be DSCR loan where the program doesn't look into your income, instead it evaluates based on the subject property rental performance based on the ratio system.

I completely remodel my properties when I buy them, even section 8 properties.

and if the property is 3 units, but i am doing a large reno on only one unit, can i get away with just making that specific unit lead free or would i have to make the entire 3 units  lead free in order to qualify for lead free at that address?

I understand that the IRS requires the properties be for investment, but since they were gifted, I'm not sure what they would look at to determine.   

Another big factor is which state the property is located. 

You should speak to an real estate lawyer before purchasing this property. 

I am considering getting a HELOC to pull 75-100k for a 25% downpayment on a rental property. 

Half of my properties in the Smokies are under the vineyard category.

I have been reading books on investing in multifamily and how to analyze and underwrite a property.

Hi all - my business partner and I have found a nice property we are interested in and are trying to decide between a conventional 30 year through our lender, or the owner financing offered by the owner, which is as follows: Price is $280k, would need to put 30% down and it would be amortized over 15 years at 1% below market rate.