I want to owner-occupy a multi-unit property (I'm looking at anything up to four units), and I've already been pre-approved by a lender for an FHA loan.

It is owner occupied still.

Owner is sick and can't keep them.

Beautiful neighborhood, owner lives out Canada & she is ready to get the property off her hands.

At the risk of getting blasted by the many that DO subscribe to that theory, here goes....We have a yr one operating budget of about $425,000 and their current income is probably around $500,000. 

Condos, in general, are dependent on the financial stability of all of the owners.  

Tax liens, pre foreclosures with equity, absentee owners, properties that havent been sold in a long time, property in probate, reaching out to the beneficiaries or successor trustees of property put into trusts when the trustee dies, befriending a divorce attorney and asking them for leads, looking through the registry for loan modifications usually these people still cannot keep up with their mortgage.

Check box the drop down sell by owner.  

Hey guys,Our county just put out the Upset Sale list of houses going up for taxes next month.If I were to reach out to the owners and try to buy their houses NOW, before they go to the auction, is that possible?

I would welcome comments, strategies, suggestions and introductions to tax professionals regarding VR property ownership, rehabs, deductions, liabilities, etc...Thank you!Mike