Latricia, knowing when to walk away is something that very successful people employ everyday. 

There's a whole sub culture dedicated to simply buying whatever little bits of land they can anywhere and turning it based on volume and the "allure" that someone might have for a certain geographical area. 

Diverse employment.

The building is old and I will eventually have to update the pumping.The Numbers:$102k Purchase25% down - wanted to do 20%, but liked the rest of the loan5.0% interest rate 30 years Hard money  I am self employed conventional finaincing is a challenge$1071 loan fees 1.5% orig$7292 buy down and other fees = 2%= 1 point lower on rate I will use the fees to offset my taxesIt will take 3 years to cover the buy down - I expect I will own this for the long termMy lender is amazing - PM if you want his info$36k out of pocket - more cash than I wanted, but the deal worksThe good part:$383 P&I on 71k $148 taxes and insurance$300 - Property manager - he is a local guy and does maintenance and property management, collects rent, finds and shows the place.  

Painting, putting in new interior doors or locks, laying down allure flooring were what most of the units needed.

One option, if your daughter is an adult and employed full-time, is for her to co-borrow on the loan, and live in one of the units for just a year to qualify for 5% down on a 4-unit.  

My family and I had to relocate across the country to keep my employment.

Specialty firms typically referred to as IRA facilitators and advisors perform this type of legal service.If you qualify as self-employed and have no full time employees, a Solo 401(k) is also going to provide checkbook control, and as a retirement plan has several advantages over the comparable IRA LLC. 

I am a self employed general contractor with not a lot of provable income.

Yet Not paying back money given to you can make you a victim Crazy world  Assuring a 19 year old that it's prudent to borrow ~$200k for a degree in social work, using fraudulent numbers for employment and income prospects to support that supposition, isn't predatory?