Some of these properties are unusually shaped, heavily over grown, but not necessarily in horrible locations (on a busy road, in a dangerous neighborhood).

@Nicole Jacobson personally I think leveraging real estate to buy stocks is a horrible idea since you said by your own admission that you know nothing about stocks. 

About a year ago I purchased a seven unit property in a good neighborhood, however the property was in horrible condition.

It's all horrible.

Unless you listen and say, "OMG, these guys are horrible.  

What you are describing is a horrible idea.  

Maybe 60 days might not be a horrible idea either.

For example, let's say the property "can't" go Fannie because it isn't a complete & functional home, and let's suppose the reason for that is because the kitchen is not complete, and the reason the kitchen isn't complete is because it doesn't have an oven.Standard two choices that people think they have:Hard money, 2 points up front, 70% down, 3 points upfront, horrible rate.All cash.Third choice:With the seller's permission, throw a freaking $75 oven from craigslist in there the day before the appraiser shows up, and buy the SFH using Fannie financing at 85% LTV, no points. 

Phase One is having me move into one of the units (at discounted rent) and have me manage the building from there.Anyway, we have a horrible tenant my parents have chosen to remove in order to both make room for me and remodel the unit. 

There was one partnership where the partner was amazing at finding deals but horribly organized and terrible with money.4) I invested in a company (not exactly a partnership) that did really well making $80,000/month in revenue in year 2.