If you are buying a property as a long term investment there is nothing better than locking in that low rate for an extended period of time.

See if they will accept your offer with 0% interest (or very low interest)And then they would teach you to turn around and sell the property using seller financing but raise the price by at least 10k, require a larger down payment, and put a higher interest rate.

I'm currently stuck and do not have any way for traditional funding and my credit is to low for other methods.

I'm currently stuck and do not have any way for traditional funding and my credit is to low for other methods

My recommendation is to use up your low rate traditional 30yr fixed rate loans while you can.

You'll need to be extremely detail oriented as you dig through all the information.

Your questions, though I can't answer them, are extremely helpful because now I must figure those out.The part of this that I'm still hanging onto in considering such a project, is that it seems like the 4 apts and 2 commercial spaces could fund the loan payments and then some.

Condos are low maintenance, but you have the HOA fees.  

I certainly wouldn't say I would expect a large amount of inflation in house prices but inventory is low and prices are fairly high (for the area) right now.

The bathrooms are original and do not have vents to the outdoors and this is extremely bothersome to them.