What happens when the "new buyer" takes possession and moves in but one month later decides to not make any further payments? 

If it's later in the year, I like to see the bookkeeping for YTD and review so we can make appropriate decisions. 

That’s where you can buy and figure the rest out later.

Once you close, you can always move it into an LLC later if your lender allows it (like others mentioned.

Of course I didn’t come back later and go through said window to unlock the doors and let in all the people who needed in so I could have repair and inspections done.

My buyers agent responded two days later that he didn’t think the sellers wanted the hassle of owner financing and that given the two vacancies and the fact that the other 3 units were so far under market rent that he figured they would need a cash buyer.

That said, I've got some very inexpensive laminate in some houses (back then, under $1/sf) in bedrooms that still look great now more than a decade later.

Definitely agree that this region is under-served on BiggerPockets — happy to explore how local permitting and engineering factors could support additional pipeline deals here. lets hop on the phone and chat later this week I am in the mountains of Utah fishing right now.. later this week will work though

I started researching everything I could about REI and kept being directed to BiggerPockets. 10 years later, the BP community has helped me transform multiple parts of my life. 👉 What’s your biggest goal in real estate?

After plucking down $10K she didn’t have, I ran into her 3 months later at a Real Estate Investment Club.