He buys small barns and converts them into 2-3 bed cabins.

Maybe she’s financially illiterate and won’t see what a scam your seller finance offer is, but she did have $100k laying around to buy the property, so probably not. 

I'm considering buying a small single family home near a hospital in the Midwest to turn into a MTR, and trying to decide if it's worth the investment to furnish vs. going straight to LTR.

In 2008 a friend of mine spend $300,000 to buy 100 houses in Detroit.  

Now if you are seasoned and portfolio is mature and you are not as concern about maximizing income then I can see a migration to SFH might suit someone.  

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

I’m currently house hacking and planning to buy my next property in about 6 months.

I'm buying another home, and need as much as possible on Line 13 as an add back for Lending At first he disregarded the entire amount and put in last years carried forward depreciation of $1,346I asked to reflect accurate number of $19K again explaining its an addback for me. 

Joint ventures entail utilizing your own money to buy properties with others.