If so, most states require you honor those terms until it ends.

Thanks I've been doing some homework on stuff and trying to figure out what the best plan is and basically from what I've learned is I just have to do it and learn from it.

Most multifamily in our market sold for a 5.4% cap rate in 2023, and that would price it closer to $560,000.Other things to consider for your offer: FHA financing requires you to move in within 60 days of closing.

Does this require permitting?

@Shawn ParshYes basically it is as it sounds.

@Adam Taft I am basically in north central to northwest San Antonio.  

Ultimately, finding the right investment location requires thorough due diligence and a clear understanding of your investment objectives.

that is going to require a lot of data and database management and offmarket deals are all case-by-case so it almost certainly wouldn't be easy to productize (i.e. you probably couldn't get AI to do this). 

Each with there own regulations above what the state and county requires.

It's crucial to establish your investment requirements, investigate various avenues, connect with local investors, take into account innovative financing possibilities, carry out exhaustive due diligence, and bargain skillfully in order to locate a lucrative multi-family property for house hacking.