This financing is purely asset based and understand foreign buyers’ situation.

What I meant was that although I will be living in one unit, I wanted to analyze it as if I were purchasing it purely as an investment property.

It was fraud pure and simple, some experienced appraisers confirmed it when they looked at it.OP, take it and run!

Example:In St Louis we have some great Pure Cash Flow play areas.  

We have grown our empire through pure rentals and turn or personal into a rental.You have lots of choices!

But from a purely numbers-based decision point, where emotions really cannot impact the decision, it's not going to be a solid investment.

This would purely be an exercise in keeping funds separate and potentially 'inching' away my  husband and some of our jointly owned personal assets from liability.  

When you say multifamily are you talking a standard Boston "Triple Decker" or something like that or do you mean some larger apartment building in some other state.If you are looking locally do you plan on living in the place or are you going to have it as a pure investment property?

Maybe he's counting purely on appreciation but seems a waste to me.

Account Closed I doubt this is going to be much of a deal, but there might be a few bucks to squeeze out.Running off the assumption that you'll sell it for 90k:70% of ARV = 63k (this is a good rule to look at properties from a purely numbers based perspective)  The 30% covers closing costs when you sell and holding costs while you renovate.How much is the renovation going to cost you?