After much reading and research, I choose this type of investment for several reasons, not the least of which being it is what I can best afford; vacancies shouldn't be a big problem since its a high rental area; its a low income area, so if I find a sound building, I won't need to spend a lot on improvements to attract tenants (since the tenants wouldn't be able to afford to pay for those rental extras anyway).I'm doing the deal with "no money down-ish" by tapping the equity in my personal residence (HELOC, rate is prime, no margin, 15 year term) for the down payment, and financing the rest at 90% with a conventional 30 yr, 7.75%.

I am working with the agent through whom I bought my residence 12 years ago.

Purchase as a primary residence and move into one of the units and rent the others out.

Empowering to the agent, and fosters more independence.

It’s just a huge headache and one that I don’t want to deal with.There is another way that not only helps people get into houses and allows for easier qualifying at the end of the term, to buy a house; it allows the resident (renters) to just get a refinance instead of a new loan.

8) I reside in the Granite State.

My down payment & closing costs are going to come from a HELOC on my personal residence, which will cover anywhere between 10-20%.

I am not the only one, check with the other residents in Harvest Park.

I reside in NJ and partner in Mass.

A few weeks ago I made a 155,000 offer on a house listed for 177,500.It had a couple of problems, but would work for me, as either residence or rental.