I play in small ($500K to $1M) investments with my partners, and I find NC LLC structures necessary and sufficient.

So at first let's try to figure out NOI sufficient to make this deal worth buying:TRICK: ON HOW TO FIGURE OUT NOI IF NOT GIVEN:At Asking $1,700,000.00  with( 20%) Down Payment is $340,000.00  And (80%) Loan is $1,360,000.00At 6% Rate factor your annual debt payment should be $81,600.00.

They can do that because of how they buy the properties, and the quantity in which they can buy them.

Painting them should be sufficient, IMO.  

Focus on quality not quantity - buying 50 Class A/B+ doors is better than 100 Class C/D doors.

@Derek Bugg Your loan scenario fit under following guidelines in Fannie Mae:- Children wanting to provide housing for parentsIf the parent is unable to work or does not have sufficient income to qualify for a mortgage on his or her own, the child is considered the owner/occupant.

Especially if that person cannot explain the concept to you sufficiently on their own. 

I also look on sites such as Forbes and Business Insider about the best markets however, I would prefer to be more self sufficient than relying on blog posts from entrepreneur sites.

Because the changes couldn't be approved, we weren't able to satisfy the self-sufficiency FHA requirement for a 3-unit property.

Any home that has sufficient elevation can get a lower price, even if the home has flooded before.