Its actually a pretty straight forward process, but that experience is key. 

Purchase price: $25,000 Cash invested: $5,000 I bought this property in a package of 4.

Purchase price: $1,000,000 Cash invested: $400,000 Purchased 25 acres with 30,000 sq ft of buildings with intention of transforming it into a retreat venue - currently leased.

Ensure that the net operating income (NOI) meets your investment goals.Future Developments: Investigate any future developments or infrastructure projects planned for the area, as these can significantly impact property values and rental demand.Financing: If you are planning on taking out a loan to purchase a property in this area it is imperative to make sure you are getting terms that align with your investment objectives.

You just have to decide if Purchase + Reno still meets your investment return goals.

My brother and I would like to be co-owners to the new property but our contribution to the purchase of the new home is by way of investment loan, so let's say my parent's home sells for 500k and they want to go in on a $1M piece of property.

As title states am interested in purchasing a 4-plex, owner occupying one unit and renting the 3 other.

In general max LTV on 5-8 units will be 70% of the purchase price.

That was over 10 years ago and it put the kibosh on the purchase.

You already know what you should do, but you haven't done it.Start the eviction process.