@Nicolas EscobarHi NicolasAny time you can find a motivated seller is a good time to purchase multifamily properties.  

One of the best ways to motivate an employee is to create "skin in the game".Now figure out the details . . .

I've read all sorts of literature from here and other places.  

From my research and prior loan experience, I am not too confident on getting a loan large enough to cover this type of property.I would love to do some sort of owner financing that gets him paid and still have a solid cash flowing rental.  

What sort of real estate investing do you do?

About two months had gone by and we still never got any sort of report or P&L.

If you have plenty of time and no money you can knock on doors and wholesale a deal or find a motivated seller to get creative.

Hi Vanda your excitement for investment is motivating.

@Chris Piper  i know this sounds cool.. but its totally illegal for an agent to give out their MLS code.There is much private information on these systems.. and who is to know if your not a criminal of some sorts and use this information to case homes and or other bad stuff.Not saying you of course but you get my drift..

It would be owner-finance in the sense he offered I simply take over his payments with US Bank - sort of a "wrap" loan agreement...He is offering to sell these to me for what he owes.