I was just getting ready to post something to get advice about what is the best niche for me for long term passive income being that I have the skills and manpower to accomplish much for a lower cost or at least the same cost as someone paying a "budget" contractor (we are not a budget contractor from a retail perspective). 

The $12,000 budget is to pay a friend to help teach me carpentry skills and complete the work.

Really refugees can come from any walk of life in their home country but they may wind up at entry level jobs here even if they were successful at home because of  lack of language skills and education that may not help them here.

I am personally treading water in this area as I have a property I want to use for a non-permitted use.You also mentioned using your retirement funds - if these are in a qualified plan this opens up a whole new can of worms. 

They let you count the income from the other 3 units as qualifying income.

This rental has been on the market for 15 days and after 48 leads no one has qualified.

A buyer normally is willing to pay a higher interest rate since they may be looking for owner financing due to difficulty qualifying with a institutional lender.I have obtained a much higher interest rate than what I would receive in any bank.I have also used the same process with a buyer by giving him multiple notes with each secured by its own mortgage.

Let me ask this;For instance I own a home worth $300,000, and over a couple of years I pay down on loan and own $150,000 in equity, or 50%($150,000) let’s say I want to cash-out-refinance, and get like 80% of that $150,000 cash sum loan, now, let’s say if I use that towards another mortgage, will I really qualify for 3 loans at this point?

Be sure to polish up your 'negotiating skills' so you stay in control during these conversations!

Most have no skills and the resulting work will devalue your property resulting in additional cost for th einvestor to undo their work.