If you are investing in the many ways you can in real estate full time I would consider the person a real estate investor.

I am taking your advice and to understand her situation and look to help if I can in hopes that I can make a deal with her. 

Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMSIn time, our team will grow to consist of the following:Agent/BrokerCPALawyerEscrow Officer/Title RepInsurance AgentProperty ManagerHandymanPrivate Lenders/Equity PartnersContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANSOur foremost exit strategy will be to sell the property once it has been rehabbed.

I get the whole issue with wear and tear, but I am going to do the best I can to get the best tenant I can in there.  

This month's meeting is about Rehabbing for Fat Cash. 

I will close this deal if I can in fact get it for 155,000 with seller financing.

And you can't use leverage anywhere near as well in multifamily as you can in SFH.I'm sure there are exceptions.

You qualify the buyer as any bank qualifies a borrower except that you can, in some instances like commercial, establish your own guidelines.

", "Pigs get fat.  

Jasen, you can setup self-directed IRA or 401k, which can in turn purchase investment property.