Lender-paid PMI (or LPMI) is a thing, and PMI doesn't have to paid monthly.So I would get a Loan Estimate from the lender, ask about points and origination charges, find out of PMI is being paid in lump sum, and that might be the key to why it seems like such a good deal on the surface.

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For example, when you have flooring, tile, cabinets delivered to the house, they are personal property.

He tells me that he has to fix the locks at least ONCE a WEEK because someone will eventually forget their keys and just break the lock.

Even if i do not follow through on a purchase, I still want to make sure I am paying attention as much as possible to key factors.

The key question is are the investors actively engaged in managing the property? 

Now, this duplex was turn key and had numerous upgrades such as flooring, painting, hot water heaters, roof.

One of the keys with FHA and VA is its going to need to be renovated already. 

Has anyone had success with turnkey multi-unit? There is a 3 unit property in my area for about $79,000. Probably a C+ neighborhood. Don't know what the rents or expenses are yet. Looking for preliminary advice.

BUT,if you do, then I believe working that full time job is key until you get your business up and running.As far as the investing goes, don't invest if you're broke.