I have also know Phil Dwyer for many years and know he is on point.If you need a third option we have an in house property mananager at our office i would be happy to introduce you to as well.Either way best of luck with your properties.

In addition they will need to perform an appraisal on your property as this will determine the actual amount you can finance.

You should really start small and learn with the small stuff before you go and buy 30 unit apartment building.For multifamily you really have to look at how the property has performed in the past and use those financials to make future assumptions of the cash flow on the property. 

I wonder if it was open fraud or if their projects just didn't perform and they we're trying to rescue their deals by pouring more money into them. 

Its a third world country 15 miles from where I sit now.Lets say you bought in this area in in the 70s, 80's, or even 90's with the mentality that you are going in with. 

Multifamily are typically produce better cash flow but a good deal on a SFH can out perform a multi. 

I am going to just going to buy 1 property and take its profits into the fund and keep loading it to buy the second, and the third and so on.

There is a risk involved in getting the property up to proforma performance.

Thirdly, how is the flipping company owner financing this to them?

Other than granite, electrical and rough plumbing this is work I usually perform myself, so it is all material costs.