Locate a Motivated Seller that will consider Seller Financing.

Perhaps you could get a better system in place for locating tenants.

Yes you can but you will need someone in the area where the property is located to look after your interests.

Need to understand which turnkeys geographies have the best locations - is there somewhere with this analysis?

-Are you in a field that makes sense for you to be in the setting where the MFH is located?

Also, if you have a brick and mortar location, I would highly recommend TLO (Transunion) skip tracing software.

-While central AC may be important to some tenants, I think your main point of competition and what is likely more important to a potential renter are bigger things such as how many bedrooms, square footage, price, location, is it well maintained.

If they are only seeking a check every month and the largest amount possible based on the equity of this other property then sure it's a fine decision.A couple other thoughts though:With a smaller multi-family a vacancy is felt more financially than with a larger one, but the extent of that is influenced by the market's local metro and property location; andWhy not use some of the equity from the property to fund the purchase of the smaller one and then have two properties generate (probably) the same amount of income or more with debt service on both.  

She's facing possible foreclosure (not sure how far behind she is) on a 70-acre property located in Colorado.

Building also opens the opportunities on location as it avoids rent control all together.Just wanted to see if anyone else has any info or experience with numbers.