Essentially, you put 10% down and then take out a second mortgage for the remaining 10%.

Food for thought, whatever interest rate your paying down is essentially what your making on that money.

Essentially I think you should approach it as an interview.

Despite email verification that it was not my bill, she did not remove it and it was going to be automatically paid from my account, as it was lumped together with the rent.Long story short, I ended up calling the head property manager for the company who owned the complex (essentially her boss), and emailed her the receipts of our conversation.

The reason why I ask is that if the HML lends 70% of the ARV...and you add an additional $50k on top of that...then you are essentially buying this house at market value.  

I worked under their terms of 10% contingency budget, the total change order was 17k, but he only had 15k and doesn't want to go through a bunch of paperwork.

My job essentially translates into project management and general oversight with about 100 folks working for me inside an organization of about 800.

Just know that it will be more work than normal whether it's from the gov't side (paperwork) or the tenant side - the extra rent and security of that rent comes at a cost.As far as the numbers go, my personal philosophy is that Cash Flow is the first and last measurement I consider.

In my case my HELOC is first position on my primary, which is essentially the same position you would be in on a paid off home.I then let the property "season" and build up equity.  

Yes I do have a agent (I haven’t signed any paperwork with them but they have been more than helpful with helping me look at listings that do become available) I have only seen one 4 unit in the past 10 months of looking and it was scooped up within being 5 days on the market.