First thing to understand, St Cloud area has a significant % point of rental units too ownership far above state average, with that knowledge at hand know regulations were far more relaxed for some time, and than a few persons came into the market and took advantage of that freedom and in short created a situation that forced the city into action, it's just that simple.

I ran into an issue with insurance on one of my properties.House built in 1880, 5 units with another in a semi-detached house that has its own address.Insurance before purchase was a bear but I finally got Auto-owners to cover it.A year later they reviewed it and oops your electrical is not up to code and now I have to spend another $30k to fix it or they drop me.If it was only 4 units then it was likely that Foremost would have covered it with a rider.

I want to buy him a home (1-4 unit) which would be his primary residence.

Buy with equity and cashflow, improve units at vacancy, increase cashflow and then pull money out and go do it again.To Your Success!

Renter's insurance ensures that if something happens to the unit that renders it uninhabitable that they have a policy in place to provide financial relief for relocating.

The unit is zoned commercial, and I pay some of the utilities.

This criteria is for 1-4 and 5-8 unit programs.

This is usually Single Family or 2-4 unit BuildingsTo these sellers, I will always say: keep at least one unit vacant before selling if you can.Most Buyers are looking for a place to live, not an investment property - especially if you are selling a single family home.

It can take several years before the prices come back up to pre-drop levels, and then as per the usual cycles, continue higher.  3.

Hi Reid, I am currently in the mobile home space buying individual units that have to be moved or that can stay in the park.