At that point you can keep the property in Seattle or Sell it down the road if ever needed.

Best way is to just try to break it down piece by piece.Water- how is it being delivered to the homes. 

You will make more from loan pay down, yes you SHOULD have some appreciation.

Could someone break it down step by step for me and explain why yes or why no and if yes how would someone like me with little money get it done and profit from it.10 unit multifamily investmentI look forward to learning from someone that has done it.

I would thank him for his feedback and share that you made a business decision that is mutually beneficial (https://www.avail.co/education/articles/should-you-collect-r...scroll down towards the bottom of the page to see the comparison) which includes providing the tenant with a receipt and rent reminders.  

While hard/soft money lending is outside my area of expertise, I'd like to discuss a potential levered IRR scenario.Consider a $2.1 million property acquisition (10 cap) using a 1031 exchange with a $715,000 down payment.

These things affect the property’s condition and your relationships with other tenants, which could lead to bigger issues down the line.

This also helps down the road in case you ever need to do an eviction.Using a trusted tool to collect rent can help automate the rent collection and ease the burden on both the landlord and the tenant.

conventional commercial with a down payment.Happy to take a deeper look.See underlined above.

She put a portion of the down payment (15K)...and of course there is a little equity...