If you can find a rental that covers all your payments it could work out nicely. 

If all these work out for you then go to small bank and present the deal to them for purchase and rehab.  

That might work out well if they can get financing.The realtor said I could get $1000 a month rent.I think my DTI ratio is too high for me to get a loan on another property or to even pull the equity out of my existing property.

I will be in the market for a small-multifamily myself at some point after the summer if my plans work out.

If this is your first time then I would work out a deal with your agent friend to negotiate for you.

I've seen some deals only work out because the listing agent was representing both sides - it made it naturally sweeter for them.

They knew the laws and that they could possibly get $19k each, but at the same time they didn't want to go through the court relocation process so we were able to work out a deal.  

For example, if you have a rental property in a place where temperatures routinely go below freezing in the winter, does your lease include a requirement that the tenant needs to keep the furnace / heat on and at a minimum temperature?

Many complexes have pools and club houses, work out rooms etc...I do extremely well with all my rentals, and enjoy nice appreciation and I spend none of my time managing anything to do with the exteriors.

The remaining Tenants can't afford the rent so they either break the lease or rush to find a replacement and things go from bad to worse.In my experience, multiple friends do not work out.