Compensate yourself for the extra work and potential risk you are facing.  

At this point I am thinking I should just keep waiting for multifamily to come up and try to snag them if the numbers work and maybe try flipping. 

One think that makes probates so attractive is that most people don't want to do the work and that's good for the rest of us

Also check the water meter itself, I was ready to tear out old galvanized piping and the city worker said he would swap out the meter first to see if that helped, my tenant called after work and thanked me for re-plumbing the home.

For that, we'd need a business plan from him showing how he could make it work and what the risks are.So my questions to the group are:Does anyone have any advice on investing overseas (especially in Eastern Europe)?

If the rehabber is doing good work, and turning houses over with a profit, you might consider becoming the cash partner for them.  

Any 'agreement" that seems to short cut that, is generally unenforceable. 

People suffer day in and day out working a job they hate, committed to a relationship that doesn't work, and living a life they don't want.

Don't try to short-cut it by doing it yourself. 

I would buy the item with the tenants imput and also either perform the work myself at my rate or hire a contractor of my choosing to perform the work and then have the tenant reimburse me for the expense.