Can't time the market I can forsee stagnation but probably not a decline, also I can see finish level being more important than ever, even though it is already a huge factor in the more coastal communities.

If you can rent 18 units for $750 thats $162k per year gross - expenses $81k = $81k NOI if CAP rates are 6.5 for this type of product in your area thats $1.25 million roughly so you would want to buy and renovate the property for 65%-70% of that value which is $872k plus or minus.

@Jason Allen I have never spent $ on any of his products!

So my parents are separated in age by 14 years and my father's health is declining a little more rapidly than expected. 

There are a ton of lenders out there pretty much offering the same products so find the one (or the few) that you are most comfortable with and depending on the details of your deal know which of your lenders are best suited to handle that deal in particular based on their criteria

If you need commercial financing, there is plenty out there, particularly commercial financing that's based on the property's cash flow rather than your income.Banks and Credit Unions are the first place to look, but commercial brokers are out there as well with some innovative products. 

Your intent must have been to hold that property for productive use. 

@Jacob Humiston the VA loan is an incredible product that will allow you to get into a property with very little money (if any) out of pocket.

My mantra this year is to not confuse "busy" or "working hard" with "productive." 

However, if you have a 401(k) with your work, or a different retirement product that is allowed to borrow against, IRS allows up to $50k borrowed.