In the simplest of terms, "Barney" style if you will, can someone tell me how to go about doing a For Sale By Owner route??

I personally don't trust these million dollar insurance coverage programs that the STR platforms are advertising but I have heard success stories about them.

in addition I'm in the process of financing a 4 family (on the personal banking side) better terms and conditions.

@Justin FoxYou may be eligible for FEMA grants for your personal home for contents and damage (not income based). 

You will either wait 6 months if you got a loan in your personal name or you can potentially refinance right away. 

I was approved for a personal loan to make up the difference.

So I made contact with a person who has 100 equity in the property who owns it as a rental, They have been managing from long distance and want to sell.

Namely, the person who is being foreclosed on gave up ownership of the house several years ago via quitclaim to another person that does not appear to be a family member.I'm assuming this triggered the due on sale clause for the bank, even though that took years to actually occur.

I personally would not use that as a rule for choosing a multifamily investment location.

I would be building about a half dozen farm house style cottages on 25+ acres that would be in the medium finishes.