If it's just for "stuff" and money that is probably not deep enough... but if your why is to live a fulfilled life and having experiences that provide true happiness a very short delay is nothing.  

I would also add that, from a tax standpoint, it makes zero sense to live in a state with an income tax and minimal property taxes and caps and invest in a state with no income taxes and sky high property taxes with no caps.

I also came across a delayed financing method which may not require seasoning period but I believe you need all cash for purchase and rehab based on my initial research.

Just want to give you a heads up on the delay.  

Just do a long delayed sale and purchase and see if he can rent plus add to earnest money over 36 months with an open escrow, shoot for 10% down over 36 months, open escrow today, close in 36 mo.Say 3% today, 7% of 145K or 10,150 div by 36 mo = $281.94 extra per mo. for 36 mo.Plus market rent.Get buyer into building credit rating NOW.

If they are all minimally performing then he could be over expanding to get more income.

That being said, if the carpet is not properly steamed with minimal water left behind, the potential for damaging them is still likely.If you have any other questions, please let me know.

I'm just curious as to opinions/feedback from investors with any experience in Real Estate Investing whether it is a great deal of experience or a very minimal. 

Ask a attorney to be sure so you don't have unusual delays, on best way to proceed. 

We got a HELOC from a credit union, with a great rate and minimal fees to close.Or, call your local small community bank, not the big impersonal banks.