If they’re concerned about price, offer creative terms like seller financing or a higher price with favorable contingencies.

I keep reading about all the weird financing issues in this space so I wouldn't actually put money in until mid 2025 or later.  

The owner is open to seller finance for us.

If it is less than 30 days, the owner can kick someone out for failing to pay or obey the rules.

Most banks don't really know how to do that because they cater to SFH owner-occupants. 

How did you finance this deal?

From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.

Securing financing upfront is paramount.

Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

The “buyer beware” philosophy is fine for commercial transactions, but taking “advantage” of home owners when they’re most vulnerable and lack market sophistication is something no right thinking person wants.