•The actual process of purchasing a house, what goes into it, what legal concerns the buyer should have.

Keeping a good tenant is key.Can the tenant realistically afford the new rent amount based on your guidelines (e.g. 3x rent for monthly income)?

If not I would stop until you have legal counsel.

Even if you move into one unit, the rents for the other three units almost meet the 2% guideline of rent to purchase price.

Hello,I am looking for rough guidelines on commercial retail spaces to help a friend evaluate a property.Property currently has 3 tenants bringing in @ $50K a year in rent.

I overheard a realtor saying the guidelines are getting very tight on this method, I'm wanting to see if it's still possible to do.I'm purchasing a home for 13k putting 7k in it, I see the homes in the area are selling for 64k, and my mentor has 2 on the street that appraised for $67,000.

I am not in the business of disagreeing with legal counsel, but you may want to simply chat up another attorney to see what their take on the matter is around your specific situation, they may be other opinions.

You will probably have to find a broker with a brokers license in both states if you legally can't get your own brokers license right away.1.

Another book I will recommend is:Every Landlord's Guide to Finding Great Tenants by Janet PortmanThe author is an attorney so she covers all the legal issues about renting property.

No legal advice