Do banks look at 15yr mortgages on existing homes as a positive, or would they rather see a lower monthly payment?

If the property has appreciated & has good equity perhaps consider (alternately) cash out refi on existing property to fund new acquisition & keep the existing property as well - assuming both have positive cash flow and are in up & coming areas.

A capital expenditure typically either increases the value of an existing asset or adds an entirely new asset.

I am hoping their commitment to move out is legit.

It will be your foundation for success.If it’s a seller offer them the auction scenario of marketing and promoting for the highest dollar or a quick turn with an off market turn with the group of solid investors that rely on you.I’d recommend you hunt your own deals specifically  or , partner with one of your investors to continue to reflect your  commitment  to grow together .

Be super careful when using traditional loan products as to not commit mortgage fraud. 

The seller owned the properties since 2016 and never did any rent increases on existing customers and his market rates were below market.

The seller owned the properties since 2016 and never did any rent increases on existing customers and his market rates were below market.

My concern is always the potential liability that exists when dealing as a direct buyer while I hold a real estate license.

Hi Guy,You could start with the two empty units, and when they are done offer them to existing renters at market rent.If you get takers, you have automatically emptied (and filled) two units without taking a financial hit.Time to turn the units depends on how much renovation you will do.