Hi BP Family, I am looking for multi-units to add on to my portfolio. Getting deals is not the issue. My first few flips we have paid them all out cash and I have gotten great values, all off-market deals. Now as we a...

Even if it is only currently a legal two family, if it is located in the right zoning district, the "use" of a four unit building may be allowed and it could be an easy legal process to do the conversion. 

I am in the process of starting a fund and want nothing to do with a 506(b) because of the risk involved with the "sophisticated" definition and reporting requirements.

Since it is not registered you will probably have to go through the state process to redeem.

I'm working on the lending - I'm pre qualed with one and will finish the process with a few others over the next couple weeks for options.Thanks for the ideas on locations!

Question is, do I start the expensive eviction process that would end after the lease terminates or just ride this out.

My fiance bought the house that we live in, so through that I have a mild understanding of the home buying process.  

In the process of selling an investment property on the west coast and moving those dollars to AL.  

You will learn so much in the process and find great deals that will be very evident to you.

@James Masotti give me a call and I can talk to you about the process.