thank you all for the great information. the only way the owner will sell at this price is if i do it with the partner, my partner and the owner are related. the current owner has been a maintenance guy at a local business so he has maintained this house pretty good given its age. the house is located in a very small town next to the police department, which is located in i would say B class area.

For instance, you are not legally entitled to the tenant's confidential information like SSN, credit report, paystub, W-2, bank statement, etc. - UNLESS the tenant gives written permission for such sharing.You can get the lease, rent ledger and any other public documents.

I have read up on the pros and cons but I am really looking to get the experience of people from this platform.  

I actually had this account from years ago, before my Realtor days and before my mortgage lending days.

You would have to be on title in order to refinance a home and that would require the seller change the vesting.Why would you not buy the home now using a mortgage?

More annoying is the limited service motels in a resort area that add on a “resort fee” despite having no resort amenities.  

Check out Hart and Associates:  https://www.hartassociate.com/about-hart-associates/They specialize in helping foreign owners of real estate with taxes.

This results in daisy chains of brokers as well as brokers “approving” loans when they have no such authority.2.

Quote from @Mohamed Youssef: There is a smaller market for 4-5 units, so you will have more of the ability to negotiate in this market for a good price.

Investment Info:Condo buy & hold investment in Applegate.