These callers ask why these people are bailing after a year and I tell them that my guess is that they bought them because they could afford them but the buyers had very little experience with properties like these and the tenants that rent 450-dollar apartments here.  

We qualified for a loop hole called mission driven housing which lets us get higher LTV since we are in the "affordable" range for rents. 

For term-based work (construction, renovations, additions, etc.) set completion dates, paid milestones, and if you can afford it, bonuses awarded for completing work ahead of schedule (with specific wording to make sure they complete work up to code, quality, etc.)3.)

Would I really be able to afford a 12 unit building with just $120K. 

Affordability, Job growth and population growth.

I agree with others saying if they cant afford it they are not qualified.

Anything I can afford is going to be super far outside the city and much more rural which I imagine would be hard to rent out, and would also probably need a complete rehab on top of the already high sale price.

Anything I can afford is going to be pretty far outside the city and much more rural which I imagine would be harderto rent out and would also probably need a complete rehab on top of the already high sale price.

a - Can't afford it?

I understand exactly what you are saying and that is definitely someone in my situation (With nothing but a beat up car, good credit score, and handful of investors) can use as a loop hole to afford such a down payment right out of college.