They will allow a significant amount of homes to be financed individually.

I asked her where I could find these standards specific to multifamily and if each individual unit needed a functioning bath and kitchen.

It is likely that even the initial transaction may be a disqualified party transaction if you have existing joint ventures with this individual.  

We actually got sued and we were never individually named in the suit.

I am excited about connecting to some like-minded individuals here on BP. 

The seller is moving to Florida and first attempted to sell his 9 Durham rentals as a portfolio, which didn't work out, so he began selling them individually.

I feel it's apparently obvious you can avoid foreclosure by paying the bills but it's also apparent that an individual facing foreclosure is obviously past that point.

I decided it was worth my time to delay my "start" until I fully vetted other individuals and their advice.

Success in any endeavor is too individual.  

@Brandon Crumpton - Great question and @John Thedford summed it up nicely.Yes, it's a double edged sword that enables you to take massive leaps forward and risks or can be utilized to the point where you overextend yourself and then being unable to sleep well at nights.Use leverage wisely and you will benefit from it's advantages positively.