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There have been a few people in trouble for doing this over the last year.

Hello Everyone,I am currently evaluating options for property that involves :4 complete & Leased apartments&4 non-finished  townhomes.I had the 4 completed units for the last 10 years and decided to add some townhomes to the property. 

No current liens but these properties have tax deeds, not warranty deeds if that matters.That as-is value is going to make obtaining financing more difficult for sure.Financing options drop off pretty steeply below a certain dollar amount because foreclosure costs for lenders can be significant.Your best bet may be to connect with some local private lenders (local investor meetups/referrals are a good starting point for this) or local banks.

Even if you are looking at buying multifamily all housing is connected.

Hi Guy, our team would love to connect with you to hear about your goals in RE & Indianapolis investing.

If anyone is local in the Indy area and wants to connect please message me.   

The issue though as @Darryl Young and @Greg Kimura have said is that it's leaky in some parts, particularly this vent that connects to the tenant's bathroom fan.  

The main purpose would be as last month rent in case they skip out.