For double bore I either put a dummy plate over the unused bore or, as someone else mentioned, put a non-locking knob on one of them.I'm a huge fan of the Kwikset Smartlocks on individual unit doors but I prefer the Schlage keypad locks on common doors.

He indicated that he is not allowed to sell the house or more likely payoff the mortgage for 2 years post BK. 

This to me indicated that they probably had other priorities with their money and as Mike said, paying you probably won't be a priority.

Hi Jude, I don't wholesale, therefore I would go by what Hai and Chad has indicated above.

I am now considering partnering up with two other individuals(1/3 each) to invest in multi-family homes.

Or is this an indicator of a not so good deal?

AND as long as individual power and water meters.  99.9% chance this is all illegal and only one power meter and one water meter which makes it difficult to rent to 3 different tenants. 

If you are going to start partnerships, I recommend going with individual LLCs.

The IRS pretty much works in a "good faith" system essentially beleiving what you indicate on your return is accurate(you are signing that it is so).There is a possibility that you may be audited.

I know my understanding of investing has been greatly expanded through getting to know the individuals mentioned above.