In the end they provided him with terrible quality work and the building was  discovered by the buyer/owners to have many defects and sued the seller in court and won a $1,750,000.00 award from the court.

From what the realtor or owner tells you?

Hi for those of you that live in a multi unit (1-4 units)  I was wondering how you take the owner exempt cap gains writeoff ?

Your right about the home owners insurance.

@Tom Vesel have you spoken to the family about a short term owner carry?

Hey all,New to bigger pockets.Decided to join after many months of reading and learning from all the investors here.I have been offered a property in Jersey City and was wondering if I should jump on it.Not familiar with JC and was wondering if anyone on here could help me out.Its a multifamily(2 unit)3 bedrooms each that needs around 90k work .Owner is asking 310k...Its by Baldwin ave and Wayne Street...I am looking to flip it,but would be willing to BRRR.Any advice is appreciated..Thanks

Also second questions: in future if I decide to move into the SFR in lets say 3 years then I live in it for another 2-3 years could I then resell that with owner occ exemtpion on capital gains of $250k. 

HUD homes IncludIng FannIe have 30 day owner only perIods so keep an eye on theIr listIngsOnce you have your ground work layed out go look for a house.

Once stabilized, but another one every 6-12 months using 3-5% down owner occupied financing. 

Another tax certificate I got in January the previous owner still has not redeemed.