For my clients, this SCREAMS of building equity, provided the ARVs would support the rehab.

Please provide the pros and cons of this system.

Similarly to what Mark Cruse stated above, provide dignified housing, respect your tenants, and either have a good PM or make sure you are updated on the regulations and best practices for placing tenants.  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

@Adam Newman you will want to confirm this with the bank but you can’t take a loan out to borrow for part of the down payment so you’ll need to provide all the funds yourself or have a gift from someone for that which you don’t have.If you have a gift from someone to bridge the 20%, that would be ideal.  

Quote from @Burke Atkerson: With over a decade of real estate investing experience and over 100 flips, I now provide private money & hard money loans.

Our state licensing department provides the list of licensees for free upon request. 

The statute says: “Habitual failure to pay rent, provided that the landlord has served . . . a notice to cease.”

Investing in multifamily properties offers steady cash flow, diversification, as multiple tenants reduce vacancy risks and provide consistent income.

It's crucial to have a team that can provide both on and off-market opportunities, as Columbus can get a bit competitive.