They had carpeted the bedrooms and common areas, and the living room was still original wood...well I decided to pull up the old carpet and lo and behold - original wood in pristine condition.

All depends on a lot of things.No experience with or have ever heard of that lender, but I will look into them as well. 

Well, of course - that's obvious - but most people in most places in the US are going to spend too much on their purchase because that's what's available.

Even those with long track records are strugggling to raise $ as well as break even on deals 

Bought under value and currently adding a couple more homes and have brought two new tenants in as well What was the outcome?

There are a couple opportunities thats on MLS currently, and I am crunching through my math and it seems to work out well (positive cash flow, decent cap rate).Some key assumptions I hope still holds true today:  low vacancy rate in general. ~1000-1200/month for a room in a single family house / duplex. 

I’ve been in a similar situation where traditional hard money lenders limited deal flow, so I had to get creative.One strategy that worked well for me was leveraging 0% interest business credit lines for 12 months, which allowed me to fund multiple deals at once without relying solely on a lender’s timeline.

He says that the front door was damaged which he got repaired but there is some damage on the back side as well.

I am a new investor looking for primarily multi-family properties with 2-4 units; would be willing to house hack as well depending on the opportunity. 

This works well here in GA.