I know it sounds simple on the surface but detailing out how this money is handled when things don't go to plan could become more involved.

There are many ways to make money in real estate, but few are as relatively easy and low budget as small multi-family properties.

You’re making 7-8.5% on your net equity, nots not bad in todays market. what are you going to do with the money?

You can check out hard money lenders and private money where they focus more on the deal itself than your employment. 

Here are some of the highlights: quickly set up bank accounts for each property and sub-accounts under those for things like security deposits and CapEx; virtual credit cards tied to each property; quick transfer of funds; ability to send money back and forth to tenants (some platforms are for collection only but won't let you send your refundable deposits back to your tenants); easily categorize every transaction into IRS Schedule E categories for reporting taxes; ability to split transactions; tenant management from vetting to drafting lease agreements to collecting rent.

Keep in mind this is only relevant if they have not pulled money out with a refi.

Its just spending a lot of money on something that wont work if its brought to light.

Saved $1,000 per month in monthly housing costs.Step 5: Saved up the cash flow money and bonus money from their work.Step 6: Bought another condo $250,000 in a HCOL city that cash flows with 5.5% rate and 25% downStep 7: Raised rents on all 3 properties to market rate equal to $5,800.Time to complete: 9 years.Cash flow went from $300 to $1500 per month.Properties valued at approximately $925,000.

Her idea at present is going to be to purchase the house herself (using traditional financing - high interest rate) and make the payment affordable for the family's rent to cover by arranging the sale well below market value and putting up a down payment of 30+ % of her own money, resulting in a PITI of ~1500.

I was doing Hard money for Gas Stations and strip malls.