I will look into landlord tenant laws and start my funding venture.  97% of the asking price is high but then again if I can get a good MFR the rents will more than cover the monthly expenses, at least from what I have seen on the rental market. 

Here are some ways you can raise capital: 1) You can raise money through your family and friends, 2) seek a private money loan, 3) syndicate or joint venture the deal, or 4) ask the seller to carry the financing.With the seller finance option, you may still need to bring in a down payment, as it depends on how you negotiate with the seller.Where to raise capital is pretty important but how you structure your deal to entice investors to want to take part in your deal is equally important.

I understand they could possibly say "no," but nothing ventured, nothing gained. 

If renting then I’d venture to go more affordable as a renter won’t likely care about siding color.If you’re planning to sell then curb appeal and standing out makes sense.

If it's the return you are more concerned with, you're probably looking at average 6 or 7 caps which may also be the case for many markets across the US, unless you want the higher risk that comes with 10+ caps like venturing into rough D class neighborhoods or go into markets that are much smaller, unknown, or worse  in population decline.  

I'm really curious to hear about your MFH venture.

Thank you so much for your help and guidance as I move forward in this venture.

Without any more knowledge than what’s contained in your post it’s an envious position to be in and there are a wealth of options available to you ranging from a joint venture to self performing on a new development to long term hold.The only people who will be able to accurately answer your question are a licensed appraiser or a broker(s) who specializes in land or commercial/residential properties.

That research and innovation has and continues to drive the startup community and to attract venture capital dollars from all over the country.

When you are running a commercial venture - and that's virtually anything that you sell to make money, including renting out property - your biggest risk, financially speaking, is from liability you may incur to others.