After some light internet research, it appears that this is a fancy way of saying "wholesale".

You could grab one off the internet, but I’ve never heard of one being “exercised.”

Too much negativity looming around the internet right now.

Total down payment was $12,500 and the property needs about $1,000 worth of materials for freshening up which will be done by brother and myself.Property Basics:4 Bed/2 BathGross rents when brother leaves should be $2,800 (Verified with other owners in complex)PITI + HOA is $1870.Electric/Gas/Internet should float between $150-$250.Water in included in HOA.This property will be run as a room by room rental.

Total down payment was $12,500 and the property needs about $1,000 worth of materials for freshening up which will be done by brother and myself.Property Basics:4 Bed/2 BathGross rents when brother leaves should be $2,800 (Verified with other owners in complex)PITI + HOA is $1870.Electric/Gas/Internet should float between $150-$250.Water in included in HOA.

Total down payment was $12,500 and the property needs about $1,000 worth of materials for freshening up which will be done by brother and myself.Property Basics:4 Bed/2 BathGross rents when brother leaves should be $2,800 (Verified with other owners in complex)PITI + HOA is $1870.Electric/Gas/Internet should float between $150-$250.Water in included in HOA.

He already is closing on land and building new multi-family from scratch, with modern amenities for the influx of engineers.High speed internet, green building etc.He is a smart guy.I suggest you research for yourself.

But it was more space than I needed, some friend looking for office space ask if he can pay me rent, sharing the office, paying half the office expenses such as the phone, internet, and fax machines. 

Let the thread die and drift of into the internet abyss.

i'd start with a lot of internet research.