Do appraisers even care what the owner is using the property for?

Now be careful as  you cannot mitigate and change the lease terms  by asking for higher  rent amount or shorter lease term from the new replacement tenant.

By doing that you should be able to raise the rent and possibly the sales price depending on the demand.The best way to make more money is to be prepared to move to the hot areas and by buying small apartments and working your way up to make enough to be able to hire an experienced Property Manager or a Property Management Company to take care of the daily needs, both maintenance and occupancy,  that is experienced in that area or type and will report you regularly on what you need to properly oversee their efforts and the properties financial status.One good thing is that many smaller apartment complexes are owned by Mom and Pop. 

@Darlington Agu  I would be careful on buying in Memphis. 

Take care and continue being brave. 

I am planning to buy another home (most likely a live on oneside rent the other multi family) next spring once I take care of some unwanted credit card debt and save some money for a down payment.

He suggested a Partnership called "Tenants in Common" as a way that you keep control no matter what you contribute on a property's price and have different agreements with all Partners regardless of their percentage of their contribution of the purchase price.Whatever you do just be careful, understand it, and feel good about the Partnership or anything put in writing that's a business liability of your personal involvement or responsibility whether it's monetary or not.Good luck to you!

One of the workers told his buddy "I've placed septic tanks my whole life, but never had someone care that much about one"

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They are nearing closing on the deal but something just doesn't sit right about it to me and im not sure what it is - anyone care to comment?