We have two options on ours and the owner can choose. 

. ($50K sales price, 5K lost rent, 5K in commissions and closing costs)Account Closed has a good option.

We give them two options for screening. they can either provide documentation that they are traveling for their job or they can pay for tenant screening.

Any option in the middle of these two is when trouble mostly happens.

I recommend connecting with a great lender like @Zack Karp to discuss your options as a house hacker.

Hey Maungmaung,You can definitely ask for the rent rolls for the seller and after you're under contract and during option period you can ask the listing agent for copies of the lease agreements.

So, I have an option to buy my brother's house and I would buy it subject to.

Of your two options, I like some version of #1......

Still not clear if you had a joint venture agreement or a recorded mortgage with a note in 2nd positionBut sounds like hard money lender foreclosed and it wiped out a second lien.If you gave loan in that persons name vs LLC then you could still get a judgment and recourse but if it’s only LLC with no personal guarantee then your options are go after LLC only (and hope their are other properties in the LLC)What due diligence did you do on this person originally?

One has a 4/2 upstairs and an ADU (2/1) in the basement, but they are not separately metered and doing so is not an option (also, yard is not divided).