Hello,I've been saving all year for a down payment and have been working to building my credit.

Which leads to a second matter, while you may be able to improve revenues or lower operating costs sufficiently to meet your metric of $100/mth free cash flow per unit, you should not pay the Vendor for the effort you will expend to realize that potential.  

When I ran the credit check, it did show a large number of inquiries followed by a number of accounts closed due to bankruptcy a little over a year ago.She also said that a company handles all her bills so she would need a letter stating the amount of the deposit and rent and they would send us a check. 

Their mortgage payments will be paid directly to the lender each month in a timely matter, ensuring that our investment is secure and safe while protecting the seller future profits and paying down the principle putting more into the sellers pocket.Knowing that we are helping the sellers credit score and they won’t have to suffer as a result unable to make those payments.

I am currently screening tenants for my rental apartment, a few of them have good credit score (above 700) but their credit history is only 0.5-1 year old.  

However, like you said, all they are doing is opening credit cards for you.

They're offering forbearance on mortgage, credit card, and other debt payments.

simply look were you live in Milwaukee.. and look at all those great 30's and 40s houses on the north side of town you can buy for under 100k but it would cost 400k to rebuild them.. in those areas building new just wont happen until things change demographically and if it does not pencil for you doubt you can sell it to any one else.. so the smaller project maybe what you do.. then at some point in the future where economics catch's up.. you demo the small improvements and go vertical.

Capitalization Rate FixersWhat are some of your favorite ways to improve a property and it's value without carpet and paint?  

I have excellent credit but I want to make a sound choice.