He said that he doesnt need the money and doesnt have the desire to fix anything...and that selling it to me at that price is what he wants to do. 

I think for smaller operators or individuals who are just starting out with buying large multi family this deal would never work simply because theres not enough meat on the bones.

Is there enough meat on the bones with the numbers when you run it?

However, these deals from wholesalers don’t leave much meat on the bone for flippers or buy and hold investors.

He's willing to sell to me at $120,000 but he wants me to keep the right to purchase agreement with the tenant.So there's already a buyer and if he goes through with financing I make $5000 minus the closing cost.

I am seeing similar properties being sold for over $500k in my area which would put me at about 72% equity in the property and would save me over $100 a month.

There are definitely deals still out there in the 6-12 unit space, but there is less meat on the bone than there was four or five years ago.

To me at least plans are to personal and customized to be of value to really anyone other then who they were made for.The average person gets overwhelmed by this stuff ....I've seen people walk houses because they were intimidated and lacked the vision to see how easy paint and flooring was and would of totally changed the house.

I'd much rather start showing it 30 days before the current tenant moves out and get a new tenant signed for a move-in date with as little vacant time as possible.I do let the current tenants know that I will make sure anyone viewing the unit stays within eyesight of me at all times.

But, I am still confused by the varying inputs I found.Can someone point me at a site or YouTube video or something that can break down the specifics of this program?