Some firm handshaking followed and I was able to acquire a duplex and a single family home in foreclosure, both requiring massive renovations.I drew the design by hand on paper, I worked daily with the contractor overseeing the projects.

Since we are moving out of state I am considering selling to free up more capitol and not have a single rental while I am 800 miles away.

The complex has a mix of 1, 2, and 3 BR condos, and the 1 BR units are in the sweet spot for us, in that their price is too low for conventional financing, leaving cash sales and owner financing as the primary options for incumbent owners of single units looking to dispose of their apartments.  

Sounds like you are looking for a single family home?

Single Family, I've heard 3/2 is the most in demand rental.

AgilWhat type of prices for the homes in Rochester and are they single or multifamily properties.

We've invested in a few single family rentals to learn the ropes and get our start.  

You would be better off with a single family home. 

Or are they financing using traditional products and financing the renovation out of pocket?

Both of these examples are generally relegated to the well heeled homeowner due to the costs and individualized nature of the final product.