This is the perfect purchase for someone who wants to live in one unit and rent the others. Let your renters make the mortgage payment. All you need is an $18,500 3.5% down payment for an FHA loan. Owner is moving and needs to sell. Both three bedrooms rent for $2000 and both 2 bedrooms rent for $1850. You need to qualify to purchase 25% of the $515,000 as the rental income is used for the other 75%. It is fully rented and the rental take home income is generally $3,400 profit. It is the best established rental on google dtluxury-suites.com and always has a waiting list. You're getting a turn key rental business that took years to establish. Im even leaving all of the appliances and furnishings which cost $45,000. It is fully rented so showings need to be planned.
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