Our friend and real estate agent, instrumental in this acquisition, recommends a family interested in a month-to-month rental of the vacant unit, beginning shortly after closing.

My concern is I tend to be less risk adverse especially with short term losses if the long term gain is worthwhile (i.e maybe the property might not cash flow today but it gains more equity).

Hey friends,Who is closing multifamily deal with seller carry back at a moment or is closing soon?

We ended up getting the price down to $280,000 ($9,750 less than asking) and further negotiated for the seller to install a brand new HVAC system.How did you add value to the deal?

Seller financing made it work.

Short and sweet honestly, feel free to ask me anything or pick my brain.Thank you.

In the City of Los Angeles, there are guidelines for short term rentals.

Some HOA's have bylaws that don't permit short or long term rentals.Good luck with your investment.

Besides seller financing, I've heard about Non-QM products but no lender has yet offered me this.

Short answer: Dont pay pmi its a wasted expense.