Typically with commercial properties, only the income and the equity is considered for qualifying.  

Figure out the After Repair Value (ARV) - this is the amount the house will typically sell for in excellent condition to an owner occupant.

Over time the amount you need down may vary but typically 20% is expected. 

So I typically go to areas that have strong rental markets where there is a demand for apartments.

Typically I pay a higher interest rate for the additional risk and pay for the attorney fees, but not extra points. 

If you don't know what this means, this what I mean that you need a lot more education to research WHAT exactly is being auctioned, has liens that come along, is the house in decent shape etc etc.FWIW auction.com has lunch and learn events at typically the Fulton and Dekalb auction. 

It typically gets about 70 attendees and the best part is you aren't sold on buying someone's program (many REIA's will try to sell you mentorship or software).

multiple partners In one deal and the partners don't know each other is running up on a securities offering or deal you may want to tread lightly there.do what @Brie Schmidt  does compartmentalize them one investor one deal.. no pooling pooling of investors into one deal is a BAD idea unless you have a PPM structure and adhere to the securities rules.. you take on a ton of risk doing that. and way to much for just little vanilla rentals.

For a typical apartment housing 4 tenants with it's own bill, he charges $40 to do the billing.

We typically use it to find non owner occupied homes here in California and out of state property owners.