Could be more difficult to cash flow as an investment property once you move out (if not renting out by the room)More affected by a vacancy (if not rented out by the room)More labor intensive if you rent out by the room.Not able to apply rental to increase buying powerMFR ProsPrivacy/separation from your tenantsStill have the ability to rent out rooms in your unit for extra incomeLess affected by vacanciesAbility to apply rental income to your income thus allowing you to increase your purchasing powerAbility to scale fasterMFR ConsMore expensiveCan be difficult to live rent free in high cost of living marketsCan be more difficult to sell (but not always and/or if priced correctly)Lending rules change when purchasing multiple units

How long did the rehab on the vacant side take and were there any unexpected surprises? 

Owning real estate is one of the most powerful ways to build wealth, and with owner finance and subject to agreements, it doesn't have to be a difficult or complicated process.

The autonomy of controlling your time is so powerful.

For owner-occupied homes yes DTI will lower your purchase power-and I have a loan program where in case you have a good amount of assets then DTI will not matter.

@Mike Lambert Mike, I just read this, honestly, what´s up with all the hate in your response, I understand that people have a need to be right all the time but you don't need to do that by bringing others down just to reaffirm your sense of power and knowledge in a bigger pockets forum.

The great thing about big spreads is that it leaves so much room for the unexpected.

Using PURLS is a very powerful way of using direct mail to "prime the pump" when it comes to generating web traffic.I thought I'd share with you some of the results we recently experienced when we decided to add this element to our direct mail campaigns.Over an 8 week period, we experienced an increase in every category of measure:Site Visits - .72 %Web Form Submissions - 276.19 % Inbound Calls - 1.15 %Total Lead Conversions - 439.53%Beyond this, every step in our conversion funnel increased - in one step by 200%, and in the highest by 533%.

But i will look further into your advice and yes i will speak to a lawyer shortly to get a better grip on how to structure the deal. as your friend mentioned yes jersey politics plays a role as one major reason the owner is finally selling is he has pissed off many important people in the community as he attempted to open a new place and went up against those in power instead of working with them... so we feel he knows there can be some pressure on teh existing bar. that being said the community would probably be happy to see him go and accomodate the new owner.

Since it's only 10am today my list is short(ish).So far today I've had a call with my property mgmt company to discuss the financials of an apt community.I've read for 60 minutes (the book is The 48 Laws of Power).And I've listened to 90 minutes of 90s rock (Cranberries are on right now).