They also want a priority lien on the property.It sounds like you are looking for someone to fund your down payment, I would be looking for an equity partner over debt as nobody likes to lend money in insecure positions, especially when a borrower lacks skin in the game.How much are you planning to come in with yourself?

While I usually think people have the best intentions, as someone working with you for the first time, it is truly hard not to have the thought cross my mind that the pro forma provided by Jennifer Lucero was inflated by Southern Impression Homes simply to make the sale. 

look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..

So some things will be easier and more convenient (one roof to repair) but many tasks will simply be a multiple based on the number of doors.

And when I was doing participation mortgages those were even hard to explain to those that are not familiar just like trying to simply explain  being the bank as a lender or investor instead of owning the asset. 

If the pipe is 50 years old and had a life expectancy of 30 years, they're going to argue it was due to lack of care on your part and try to deny the claim. 

I read somewhere years ago that simply entitling raw land (permitting) it for a use increases its value by 3-5x.  

In the current market, it's pretty much impossible to have any positive cash flow in the 2-4 unit space with long term rentals, unless you're putting ~40-50% down, not only focused on the cash flow per se, but rather simply not being in the negative.

There are advertising claim issues with the lack of substantiation. 

You cannot have a contract that simply states "install high-quality countertops" without specifying the quantity, location, type, or style.