I'm looking to whole sale now in the Los Lunas area 

@Kyle Souza A couple quick and fast tips on qualifying for multifamily loans are having enough experience in the eye's of the lender, a 1.3X DSCR (using lender underwriting..not broker's underwriting), and a net worth equal to or greater than your loan size.

It is different than a lease because some of the information may have been agreed to verbally or changed throughout the lease without being put in writing. 

@Anne Christensen BRRRR can still work here on the equity side of things.

@Corey Block You may want to talk to a few companies who do this sort of thing in your area.

Start with Pace Morby and then go down a rabbit hole of videos for 20 hours and you should be able to understand most of it. 

I was so proud of the short sale package I had made up.

Since your friend covers utilities, this offsets some of your cost.

Curious to know more about people who have done this successfully - at face value it seems like it wouldn't be worth the hassle of switching between the two strategies.

Quote from @Michael Belz: Now, I have two options: I could fix and flip it with an estimated $200K rehab for an ARV (After Repair Value) of $825K, having purchased it for $465K.