For a buy-and-hold strategy, make necessary repairs and updates and either renegotiate rent with current tenants or find new ones.No T12, as this was left to the current owner by his brother, who passed away."

Im going to buy my parents apt, we have most of the details worked out but im not sure who i speak to to create the actual document. 

Lone Star has been buying up tons of delinquent mortgages and distressed properties all over the country. 

@Robert Sorrels well, congrats on buying your first home.  

Which option is better to build a new one or buy an existing one?

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Buy a new primary residence with low down.

Even if that is a possibility, I would continue looking for coverage for two reasons:1. the Mortgage company generally only buys what is needed to coverage their interest in the property (not your equity you've built up)2.

I’d buy it today because for me the finish line isn’t a year from now, the finish line is 7 years from now, 10 years from now.And once the market heats up, buyers come out of the woodwork and you might miss that good property is hopes of being the one to snag it at a perfectly timed market bottom.Just my approach…..

As of this moment, my goal is to buy long term, buy and hold properties, preferably SFH's or small MFM's.