If they have sufficient cash to then cover the prior liens, they can utilize their right to redeem and take possession and title.In some cases, they don't have to pay out the other liens - they just take the title Subject To the mortgages already in place. 

- How can I️ maintain the most favorable position for a property loan in the future but continue to utilize equity ?

The main reason we will be looking to refinance is to utilize an FHA loan again on our next property, and I know you can't have more than one FHA loan at a time.

I'd recommend picking one and start sending letters.

Maybe it would be wiser for my mother to utilize an FHA loan to purchase the duplex.

You can technically avoid the issue if you pick a contractor that's incorporated.

I would draw up a purchase contract and have a title company picked out.

My initial thought is to put a Manufactered or Modular Home on the land and tie into the utilities.

Hi Everyone, I'm very new to all of this and need a little bit of advice.I am currently working with a real estate agent that I know personally, I will be her first multi family purchase shes new to real estate but has a mentor at her company that has been doing it for decades and provides a lot of assistance though she isn't available very often so we are sometimes on our own and learning as we go.I have been renting the same place for the past 10 years and the owner is selling so now I have to find another place to live, instead of renting for over 1k/month I decided to purchase a multi family, at first I was looking for duplexes but then came across a 3 unit the asking price is 180k, it is two 3 bedrooms and one 2 bedroom, it has a 2 car attached garage, washer & dryer hookups in each unit, newer heating systems tenants pay all their own utilities except sewer and water which is roughly 2k per year the house also has 3 seperate large storage areas above the garage, and it also has a decent sized back yard. 2 tenants have been there for over a decade in the 3 bedroom units and 1 tenant has been in the 2 bedroom for about 6 months.

The maps and things are possibly not as critical at first, but they will tell you if there are things like utility easements or (maybe) flood zones that you need to think about.