Real estate comes with legal and financial risks, from lawsuits to creditor claims.

Hey Hey @James Friar - That's a challenging space to get into from the get go, but no impossible. 

Current home is on a conventional loan and getting a loan for the second home seems almost impossible.

If the property already functions as a triplex in practice, that’s a good starting point, but turning it into a legal duplex or triplex for forced appreciation will likely require time, money, and working closely with the city.

Here is what looks like a fairly detailed article for California:https://rentprep.com/blog/legal/california-abandoned-propert...Best of Luck!

In this case your selling an equitable title but not a legal title since no warrant deed with the named “buyer” is recorded.  

I was just posting on here to see if anyone had any experience with this type of thing.In my non-legal opinion, given the info provided, I think it will be an uphill battle for this buyer to prove that the seller failed to disclose material issues that would have affected the value of the property or the buyer's decision to purchase it.

Quote from @Miguel Gonzalez: I'm thinking about purchasing my first legal 2-flat in Chicago from someone I used to work with.

I chose to do this even though I had no legal personal responsibility for their losses.

@Brandi Smith you may also want to research the links below if you plan to DIY landlord:Oklahoma Residential Landlord and Tenant Act | Welcome to Legal Aid Services of Oklahoma's guide to free legal help in Oklahoma.Microsoft Word - Landlord and Tenant Act Update 11-1-19.doc