We were talking to the owner and the county wanted a different entrance and some other changes but another AZ season has come along and they still aren't open.

Im a former resturant owner turned real estate investor this past summer.

These sites only really provide information on the property tax process such as how to pay the taxes on a property, what happens when a property owner does  not pay the taxes, general information like this.

Also Fannie Mae just introduced 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.2) Home with attached or detached casitas These types of homes are popular in Southern California and you're able to live in the main room and rent out the casita. 

NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

If you want to structure a deal like that you would have to do a Subject to for the loan and then seller finance the owner's equity on second lien position. 

A lot of small business owners face this challenge by utilizing tax strategies to reduce their tax burden...it catches up to them on the flip side though.

If the net number is negative or zero - probably does not work with owner occupied purchase.

I sat down with the owner for lunch.

Purchase price: $320,000 Cash invested: $6,400 Pretty surprised to find this deal, this was a classic case of someone listing a property that needed work, no one wanted to buy, it sat long enough on the market that people stop paying attention while the owner slowly fixed up.