However, you may want to relax in the 5-10 year timeframe.Another thing that is unique in real estate is that many real estate loans balloon between 5-10 years giving another reason to liquidate the fund.

I can make the obvious assumption that many of them have seen the guru ads who make it sound like shooting fish in a barrel and believe it will be an easy way to become an investor without money.As illustrated many times before from a wide range of experienced investors the path to a successful wholesale business requires a good amount of capital to spend on marketing which most newbies do not account for. 

Purchase price: $2,000,000 mid range apartment complex.

You can also look to attend a local real estate networking event and ask others who they are using.You have a unique situation as you are househacking which means you purchased an investment property in addition to a personal residence.

The ARV should be in the 170k Range.Rent in the 1200 range Working backward 170*.7 = 119,000170*.75 = 127,500I have 76k in the property and need a reno of 43-51k.  

That means your targeting a very unique tenant, one who is affluent enough to afford the rent, but has such unique circumstances (job moves a lot, etc.) that they don't want to put down roots and buy.

I don't have a specific property that I'm looking at, just a general price range in my head.

Then my wife in her name did a HomePossible conventional loan for first time homebuyers and bought a duplex, and then another owner occupied duplex that was a unique portfolio loan. 

We are talking <$15-20 range or cheaper. 

I have a unique opportunity to buy a property from a family friend for a discounted price that my Dad (recently divorced) will then live in and make the payments on a 10 year mortgage.