Live almost FREE here or EZ reno and make money! Upstairs 3/2 with lower 2/2 already set up to rent and offset your mortgage; Reno lower level into 2 units for a possible 3-unit set-up! Investor info: about 9% cap as-is, with value-add near 12%! This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.