We felt a window AC unit in the bedroom was sufficient given the time of year and size of the house.

 :)  Just a few thoughts:-Money isn't sufficient motivation.  

Where population growth is stagnant or falling, the current housing supply is sufficient so there is little increase in prices.

If they have sufficient equity, I drop a yellow letter on their a$$ with their auction date and how I can save them from this fate.

The seller receives sufficient income to cover the property taxes, insurance, and the principal and interest payment on the existing mortgage, plus a monthly profit.

By that same token, the family member is also set to enjoy payments for the next 22 years, absent the need to go through the entire foreclosure process.

I don't know anywhere in the country right now where a fourplex passed the "self-sufficiency" test.

I am going to assume you would be going FHA on the 2-4 unit, make sure your lender briefs you on the self sufficiency rule as that has been killing a lot of FHA deals lately.

In this case deck repair and making clear they are responsible for compliance with laws regarding video surveillance would be sufficient unless they are videoing other apartments. 

Main take aways: 5% down on 2-4 units No income limits No self-sufficiency test Primary residence required No first time buyer requirement Minimum credit score: 620+ and must also pass through automated underwriting system Reserve requirement: Based off automated underwriting findings Maximum Debt to income ratio: Based off of automated underwriting findings (expecting this to be 45%-50%) Loan limits: 2-unit = 929,850 3-unit = $1,123,900 4-unit = $1,396,800 Refinances: Clients can now also refinance on a conventional mortgage of a 2-4 unit with only 5% equity.