If he does get the next investment property in his name, how would we get the next and the next if we just rely on our own personal line of credit with no money down...?

Because in that case, then I'm not only relying on them, I'm also relying on the person buying their house.Should I keep there offer in backup position until their house sale is final?

In the Cambridge-Somerville area, triple deckers in need of repair easily go for multi-millions, you need a lot of capital upfront for downpayment and rehab costs and you are relying on appreciation to build equity - the flip and condo conversion is a popular option in these areas. 

It does not matter who replies, do not rely on the information without verifying via a trusted source.

I am hesitant to move forward since I don't have a team in indiana I count rely on at this time.

Normally, the realtor is relying on the seller to provide accurate information.

Instead, save the cost of doing this work, rely on the 1 furnace in place, pay for the tenants' heat and try to recoup the costs through higher rents (heat included) or try to bill it back to tenants somehow (e.g.

I guarantee the purchaser made a good profit and a much better profit than I would have achieved.But there are also many overzealous RE investors who may overpay relying on appreciation. 

The Agency’s investigations are complaint driven, so we rely heavily on the public, and our licensees to bring these individuals to our attention.

@John AcklenI second @Brian Burke with one addition.Do not rely on the broker's comps to underwrite the deal.