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Originally posted by soft&beautiful
OMG I am so glad to see this thread! My hubby and I are trying to buy multi-family to convert into a single residence. It is over 2200 sq.ft. it has 4 bds, 2 1/2 baths, 2fireplaces,lvng rm, dng rm, kitchen, 2 car garage, lots of backyard rm (important if you live in the Midwest),etc. We are hoping to close in 2 weeks. Wish us luck! 
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Congrats to you! That sounds a lot like the one we found. A good thing about these is that they often appraise for more than you will actually buy them for. Because of the lower purchase price, you may be able to go to court to get the taxes lowered to fit the purchase price, even though the appraisal is for more. Some of our neighbors redid their homes and did the exact same thing. They are saving a lot of money on taxes because of it.