I'd be happy to meet you over there and give you my opinion if the foundation work and remodeling is worth the expense.

You may be declined for not being an owner occupant, but it will still buy a little more time.

Here are some hard numbers from my end:40k — 60k down payment6% minimum CAP rateMultifamily — 2 to 4 unitsColumbus, OHSome of the questions I have revolve around the actionable steps I can take as well as the hard numbers I should be on the lookout for when analyzing a property as being a good deal or not.I would be more than happy to schedule a call at your earliest convenience to discuss the details.

They tend to be what most people target.

It may be time to find a new PM. 

One of the benefits is that being on the loan can help build his credit, which will be valuable for his future financial goals.

You need to be.

If you hold less than 5, it likely will be a poor investment. 

Don't make your life more complicated than it has to be.

That might be regional.