(Also look into the FHA 203K loan)Another benefit to going with a multifamily is that it can "boost" your purchase price using 75% of the other income to help your debt to income ratio... so $1000 rental is worth $750 to offset any PITI payments.

A property that's currently worth $180k and the seller would take $165k, and all the messiness of "subject to" (i.e. the bank could call the note).

Look at what the home is worth today if it were in good condition.

We bought an 81 unit, 3 years ago, for pennies well now its worth well north of 2 mill.

If you get paid in knowledge instead of cash it's well worth the effort.

not worth it and when things go wrong, you are on your own at the table.She was a friend of an acquaintance here in Dallas, may she rest in peace.

However, unless the property went for $100k and is worth $1m, the IRS doesn't actually take advantage of this.  

If you had an average property that remained in decent condition, it’s worth 5-10% more annually in year over year appreciation.I wish I’d bought a $13m 65 unit multifamily in center city philadelphia in 2013.

Weigh this against your cost of capital to see if it is worth it.  

This wouldn't be worth it if it isn't straightforward.