the building is still under his name and would go to his heirs, sounds like the 3 of you would be running the property for him while he makes the money. if you entered into this there would have to be some kind of agreement that you take part ownership. on the other hand, this would also be a great way for the 3 of you to learn about real estate and tenants, yet be able to walk away if you can not handle it.

Will I run into trouble with fha and lenders if this is the type of house I want to build-- one that has a lot of bedrooms?

Sourcing deals and the ability to run a park are what hold most investors up in this niche.

I'd like to put around 70k into it, of course I need to take my contractor over there and get an estimate and run the numbers, but I'd like to get the property for around 100k and they are asking 185k, but I don't think it's worth that.

I also run a VA home loans academy called Veterans One Academy dot org.  

When you run the analysis, what factors are you using for positives and negatives?

Hey @Stephen Lee , we hired a virtual assistant team to run our operations from acquisition to disposition.

Hi all so I've been running the numbers on properties during the past year in southern california LA, OC and Inland Empire. 

Often financing is harder to get and you run into more problems.

If the duplex meets this, go ahead and run an excel sheet for note 6.