I'd mark up just alittle bit because it must be not updated to raise the rent...let's say now it's $55KTaxes $11388/year, insurance could be $3K easy - it's a free standing building.16 parking spaces, lot 0.45 acres.

Just trying to learn what is customary and what is not in this game as I go along. 

I recently inherited a 4-unit apartment building free and clear.

I recently inherited a 4-unit apartment building free and clear.

It is great to have you and please feel free to jump in the community - there are certainly great people around here!

Even though I am located out of state, please free to reach out, to me, if you feel there is an opportunity for us to work together.

Feel free to PM me if you want to chat on the phone.  

My question is, does the homeowner need to own the house free and clear in order for me to structure a seller finance agreement or can they still have a loan?

Not looking for Job; have one of those already, instead, I have A LOT of boring free time. 

I'll be free 23rd-27th during the day.