The tenants have their own W/D so I can’t make money off that.

Will this be a good investment time and money wise?

Charlotte and Phoenix used to copy each other in trends but the last few years Phoenix pulls ahead so, depending on your strategy, follow the money and invest in Phoenix. 

I wouldn't take that money to buy him out I'd liquidate and move into better asset class like extended stay development or 3 story walk up apartments 

I'm planning to use that money for a downpayment  to buy a multifamily where I would live in one side and rent out the other side. 

In the unlikely event that you are the exception that proves the rule, the rare 18 year old who can actually generate a serious income by wholesaling real estate, your day to day will look like the following: - You will door knock, cold call, send mailers, and otherwise create lists of people who are in the most desperate moments of their lives. 

Also, a few private lenders or hard money lenders might have some more creative terms for multifamily, especially if you're open to considering that route.

Using the 203k or now the HomeStyle loan you can buy a fixer upper and get all the money to renovate. 

In fact many homes with too high of an occupancy are leaving money on the table.  

This is a unique home and it actually has a full kitchen, 2 bed and 1 bath downstairs and I think it might be well suited as a very large vacation rental(entire home) or both floors being rented separately at some point in time.