Personally, I'd stash your cash in a brokerage account and buy municipal bonds (insured and mostly general obligation bonds).

Use that healthy W-2 and stash some money away. 

Much of this is supposedly all cash purchase and they're more interested in finding a place to stash their cash for stability and potential long-term appreciation rather than cash flow.  

I also have more than enough reserves to comfortably stash 8 months of expenses aside in the event of vacancies.Since my investor is an older gentleman and looking to secure himself some passive income for a while, part of our private mortgage deal was that I can't refinance before 10 years, but also that I must refinance before 15 years.  

I won't be pocketing any profit as it all will be either donated to our and other non profits, used to run the company or stashed away to build capital reserves.

Pretty incredible what can be found in houses, did the homeowner leave a lot of personal belongings or just forget about their doomsday stash under the stairs?  

If I was starting out, I would find a new MFH to buy every 18 months or so and take advantage of the loans available to owner-occupants to acquire many properties while stashing away cash to use on bigger deals.

Always stash that percentage away for a rainy day.

I would put cheap doors in but stash those lovely original irreplaceable doors for future use.

While your friends are out there paying rent, you'll be stashing that money away.Speaking of stashed money, you want to make sure that as much of it as possible stays in your hands and that's what you need to be thinking when you evaluate this potential purchase.