Our half-assed efforts didn't fix it, so you're on your own.

With my W-2 income, I can still qualify for a 30-year fixed rate loan at 4.625% (a no-brainer in my opinion)2) I have capital that I need to deploy and the measly 3% interest I'm earning simply doesn't compare to how those funds could serve me in the rental market.

I had an older triplex, constantly had leaks, when the plumbing is fixed I had find someone to patch wall and ceilings.

Most banks generally don't have the fix n flip type programs that would be needed to do these kinds of projects.

Maybe even a gut rehab.Are there tenant buyers who would fix then flip a property that is distressed?

All in all, they offer multiple fixed rate loans, up to 30 year and ARM's, BUT at about 1% higher than today's rate...Every other lender i have spoke with wants at least 25% down, and at around 5.25-5.5%. 

Debt service could be a traditional 30 year mortgage at 5% with low fixed payments.

Also, if something big happens to the complex, like an earthquake you can be on the hook for your part to fix it. 

Preferably finding distressed properties, fixing, and holding.

Technically this has been out of his control and it looks like he is working to get it fixed.