Needless to say, I stayed in Washington and ended up purchasing a fourplex in the South Park neighborhood of Seattle last year.

Finally closingAfter multiple appraisals and going back and forth with FHA underwriting, the property was officially classified as a duplex, and because I had a non-occupying co-borrower, that took my required down payment from 3.5% to 25%!

When I want to look for a loan would it be a good idea to ask the bank for the full amount and tell them I plan on negotiating with the current owner to bring it down to about $875k or around that ball park?

The biggest challenge I see is that the lot is located near a Mobile park.

Perhaps our government officials whose paychecks are guaranteed might consider that some hard working people right here in the good ol' USA might want to take small risks to stay afloat financially.Gary 

(Good parking situation is helpful when you house hack so as not to raise the ire of the neighbors.)How'd we source the deal?

I've made my career in raising private capital and deploying it unleveraged into C class rental properties and recently for the last 3 years into Mobile Home Parks.   

We received the variance and will be installing a parking lot to allow for 2 parking spaces per tenant, Re-siding the building, and converting the first floor space into 2 roughly equally sized 2BR units.

Area: North Carolina Triangle region, about 10 min from Chatham Park (which is slated to be the largest planned community in the state of NC) Strategy: Buy and Hold, with a delayed cosmetic rehab in about a year to align with area growthARV (short term): 170,000Purchase Price: 136,500 SFH, 3/2, 1600 sq feetB-class neighborhood,Expected rent: 1,200-1,300//As I mentioned, we were planning a cosmetic rehab in about a year, at which point we'd also refinance to pull out our cash. 

About 50 years ago I lived on Jamieson, seems like a few blocks north of Lansdowne in one of those little bungalow houses across from Lindenwood Park.