hello everyone,here is the deal there's a person selling 2 apartment buildings totaling 25 unit at an asking price of 425k a piece. my only experience has been purchasing properties cash or with a 30% down payment commercial loan. my insurance agent happens to know these people and suggested a land contract.

If the title is clear the title company will give title insurance on the transaction. 

Insurance is a killer.  

He suggests insurance company workers need to be stationed down there for months, and will need a place to rent.

We have installed a tankless water heater so we can adequately supply all units with hot water as there was just a standard 40 gallon in place to handle the entire building prior.

Here is an article worth reading that will help you gain a better understanding of their business model and salaries: https://www.redfin.com/blog/2018/01/how-much-do-redfin-agents-earn.htmlAveraging $90K with health insurance and a multitude of other benefits doesn’t seem to be underpaid in my opinion vs. the industry average of $44K.

I was hoping to "house hack" my first property (preferably a small multi family; less that 5 units.. but a SFR would work as well).I only want to buy in an area that i would live in myself, i dont have high standards but i dont want to live somewhere of poor quality or in a dangerous area either. 

I don't personally trust management companies, or anyone for that matter, to run my properties to my standard.

Since in the past 10 years, you see those type of storms / flooding more and more.I would also worry about the insurance price or having to need a flood insurance or even not begin able to insure the property at all.Bottom line, costal living is still a dream for lots of people and if you are willing to take on the risk, then go for it.

I estimate taxes and insurance on $900k home will be $12k not including HOA.