Talk to 20 agents, tell them exactly what you want, send proof of funds and they should be able to bring you some good opportunities.

Hey Riley,I haven't bought a multi family property yet but just things I would think you would want to ask:-If utilities are separately metered- Proof of current rent roll- ask about its vacancy/occupancy history-If there are tenants, verify that they are actual tenants not just bodies to make the property seem like its cash flowing.

Get your list of buyers together (Private Lender’s)( Proof of funds) Get all your resources together make offers simply get deals under contract.

@Tony CrabtreeSee if he can provide you with any proof of income that he didn’t put on his tax returns.

Fairly market proof as the university always feeds this rental market regardless of the tourism market trends.

Keep working until you have proof of income to show a lender, unless you want to build a house of cards on shaky financing that is the way to go.

Your main concerns buying "before a recession" (as if anyone can actually predict the landing) is whether you have enough recession-proof income to ride out bumps and whether you can maintain renters at a reasonable tenancy and payment level if a flood of housing hits the market.

Given the market conditions, you might also be hitting a lot of cautious investors/lenders, so you'll have to show it's a pretty bullet proof deal.

If mortgage was taken on your'e personal name, it is your "liability".Additionally, when you will need other credit and this will be held against you and prevent you from obtaining such, it will be quite easy to tell lender its for business and provide proof and they will remove it from your monthly liability.The real issue you have, if you transferred deed, you are in violation of mortgage and in default of terms and they can call mortgage due immediately.

Nothing is fool-proof so just think it through and make sure you're protected.