@Adrian Tuazon most companies as about “supplemental heat sources” which is usually where space heaters raise a red flag 🚩 this is definitely an interesting one.

She agreed to meet me at the property. 

Should this be noted as red flag to get into this market?

Then, one year a tenant down the street saw me at my rental and asked how he can rent it from me since his landlord is selling.

Yes but the loan has to be approved first before getting the down payment paidThat's a big red flag to me. 

For example, Caliber Home Loans offers the 203k program and their own in-house version of it (I believe they just call it a Construction Loan) that essentially works the same way but there is much less red tape.

I didn't believe the story my sister told me at first, but later got a letter from the HOA requesting an amendment to the CC&R giving them the right of first refusal to prevent these ridiculous sales taking place that skews the value of the condos.I said if you do enough auctions, you'll find a fluke, and this guy paying $8K for a $120K condo is definitely a fluke.There's another auction I attended for a coop.

Most contractors don't like to do them because of all of the paperwork and red tape.

I just picked up a new $900 stainless LG dishwasher with a dent in the rear panel (that I already popped out) for $300 but my wife wouldn't let me get the NEW display model bright red front load Samsung washer they had out for $325.

Multifamily is definitely the way to go but you need to educate yourself on the space.Single family is a much slower way to scale and carries a lot of risk as one bad tenant or capital expense can wipe out the cashflow and put you in the red fast.Commercial and multifamily will typically require 30%-35% down depending on the lender and the property.