Same BRRR method we use for a typical LTR, but better equity, ROI and use( gift it, use it and better tax write offs) 

I assume the sellers are offering seller financing since obtaining a traditional mortgage or refinancing to one after 7 years for this property is highly unlikely.

Yes, most large traditional lenders only focus on 1-4 units and other properties that fit into a box. 

@Elizabeth RossFor properties under 100k you will likely need to use the BRRR method as its difficult to get a 30Y loan on a properties valued under 100k.

Here are a couple of methods of pipe replacement that I am aware of you might be interested in looking at.https://www.youtube.com/watch?

@Julie J.My recommendation would be to wait until you can afford a home with traditional financing.

That said, I completely understand your concern about deals looking "too good to be true" when you’re putting in 50% down.To avoid this, it’s best to analyze properties as if you were using more traditional financing (20-25% down).

The problem we are having is much of our current deal flow is below traditional lending terms (<$75K).

You can take a deep look at the deals and get an idea of the kind of variety you'll see and come up with your own due diligence method (that meets your unique situation).

As long as you paid a contractor or someone who’s not an employee $600 or more in a tax year, you are required to issue them a Form 1099, regardless of whether you paid them via cash, check, or another method.