Hello All,My house is currently sitting on the market (going on two months) and I finally received an offer the other day. 

Not sure whether that's inline with the typical market.

You will make the payments agreed to the previous Owner and you receive a payment from the person you sell to.Good luck to you!

I typically do only minor updates (fresh paint, new fixtures/carpet if needed, & outlets (to freshen the place up)) however on my last one I did a much more extensive update (flooring, doors, bathroom & kitchen) while expensive, I think I’ll make it back over the next 5 years because I was able to increase rent on the unit by over 50%....I’m sure there are folks with more experience than me, but just wanted to share how I approached the decision.

Recently Louisville Section 8 has been awful, and investors are fleeing the program, as they fail you for everything.This house failed inspection in February, (its now late June) and owner has not received payment since Feb. 

Of course, the typical things to look at are the crime, schools, affordability etc.Happy to answer any questions and also make my self available for your July house hunt.

Because it's the biggest multi unit you can buy with typical owner occupied FHA-type financing. 

I'm not a CPA so I won't delve into any tax implications for your portfolio regarding seller financing.As far as what terms are typical for my area, I am in Ohio, where you can buy houses cheap.

My offer was at asking and first on the table after the property was listed for less than 24 hours and the seller received two more offers that afternoon after mine (I'm in a very competitive market for small multifamily properties.)

Being able to make more money from the property and financial justification is typically not considered a hardship.Could you put the property under contract contingent on going to ZBA and getting the other units approved?