Buy your Aunt out first 

Investment Info:Large multi-family (5+ units) buy & hold investment in Plymouth.

Like I said I have the buyer ready to buy. 

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

I still have enough room with my VA entitlement for a buy and hold in a couple of years, so I'd rather save it for later!

The type of home you buy determines the tenant you get. 

Quote from @Robert Medina:  I’m trying to figure out how I can pay myself and buy another property. ...

Suggesting to them buying their house for a wholesale range offer or lower dependent on the extent of the rehab, then having a contract in place that gives them a percentage of the profit to help get them back on their feet, paying off debts etc.