The lease agreement includes mom and one kid, the daughter just moved back from college and now the son is using basement living area as a bedroom.

Or since the sale includes 5 units regardless if the buildings arent connected, will it have to be a commercial loan?

Property #1: When writing up an offer purchase, be sure to include the current owner be responsible for the water charges thru the closing date.

Any recommendations for Florida mobile home lenders (includes land parcel - no HOA)?

@William D Schablowsky, I'm still trying to interpret the reason for the  desired 80/20 split.  

Will the sales price pay off All liens including the $31k and closing costs, or not?  

Hey everybody,A bunch of the OMs I'm getting sent include a principal reduction in the financial analysis.

I will continue to use the Landlord Locks managing a small number of keys for tenants and having my master key that can open every tenant lock including padlocks on sheds/garages.  

The 50% rule is related to expenses, which does not include debt service, so your down payment won't affect that.If you're not planning to live in the property, you will have to put down at least 20-25%.

After expenses, which included a special HOA assessment and a month's rent to my agent, 24 payments of $1595 ($38k) left ~$12k in rental profit.