Some people don’t feel comfortable doing it because they could loose their home if things go pear shaped on your deal.

@Ali Boone I was referencing the general market crash that's bound to happen soon due to the long bull run the US has been on.

97% of purchase price is easily done (FHA Owner Occupied 1 to 4 units) but that might be disaster if the economy contracts and you loose your job and you can't find tenants to cover your mortgage. 

Doing this will cause you to loose the eviction.

I’ll ask around for you to my guys here in Muncie... it’s a small town if he’s done work one of my guys are bound to know him.

If you quit-claim, you might loose the title insurance protection.4.

One of the first things I do before even considering furnishings, is update the utilities that are bound to fail, especially if they are old. 

Scrap / grind out loose material and fill with drywall mud. 

check this "opportunity", ...to loose money that is, for 2.3m you can get $138k of net!

I've always liked the idea of paying things down, but that does not mean your loosing that money at all, its just sitting somewhere else and giving you a safety net at the same time.