Investment Info:

Small multi-family (2-4 units) buy & hold investment in Walled Lake.

Purchase price: $150,000

2 bed 1 bath duplex.

What made you interested in investing in this type of dea...

True non-recourse is extremely rare when investing in small commercial or residential properties and frankly does not really exist at the feasible LTVs most investors are looking to do. 

Hello Jack, in Texas I find a lot of investors using the Subject 2 method, especially with FHA properties where they are at or under water on their mortgage, but most of the mortgage rates are under 4%.

Quote from @Shivani Kumar: Quote from @Patrick Roberts: For Conventional, there are two basic ways that income is evaluated - properties being placed into service (such as a new property being purchased), and properties already in service.

I’m currently under contract on a mixed-use property that is zoned for CB (Commercial Business).

., I haven’t managed a property for the padsplit model yet, however it’s interesting.

It's quite difficult to do (and sometimes illegal) when purchasing multimillion dollar multifamily properties through a syndication structure. 

If we can find an investor to help us obtain the property, we have no problems in paying the mortgage just as we've been paying the owner of the property's mortgage for 11 years.

You'd need to really understand the specific neighborhoods and property types to make a good investment.If you do go the out-of-state route, a good property manager will be crucial.

You need a property that isn't easily duplicated.