I got a call from a motivated seller/ seasoned landlord he has multiple properties with 100% equity.

We are wholesalers who have found multiple deals in the area.

It needs some rehab, I'd likely follow the "bombproof" philosophy.I don't want to be greedy, but I don't want to pass on a deal just because it's too good.....Experiences (good or bad) involving small apartments in C neighborhoods much appreciated!

I got a call from a motivated seller/ seasoned landlord he has multiple properties with 100% equity.

I would not have gotten involved financially with my family.  

I would love to get more involved/ transition from my job to starting a company or a brokerage myself.

Don't forget about the other costs involved, purchase costs, holding costs, selling costs.

@Andrew PflegerThere's been multiple threads about goal setting, and I'm picking up you're in that mindset where you're thinking about units. 

They are content with some return not maximum returns if there is risk involved. 

Similar but slightly different is in past downturns was there one primary cause or multiple causes. your research may shoe there is typically one cause of a crash but it is a different cause every time so it is not predictive.