That would be considerably below minimum wage.

In the 80's and 90's crime, drug, and gang activity were most considerately in the 1000's 2000's blocks, then it shifted to the the 3500's, and more recently it's in the low 3000's.

Based on that you have two completely different approaches, if it is a former it really comes down simply to income you and your partners have and a 25% down payment (assuming you are not going to live there) for a conventional agency loan (FNMA/Freddie) and you will have to put it in your names as no mortgage banker will finance an LLC/LP (there are ways to get around it after you buy it in your name and transfer into an LLC without triggering a due on sale clause but that is a different conversation).If you are talking about a multifamily loan, you can get a down payment for as low as 15% for certain product types (like FHA multifamily) but you would need a loan amount of about $2 million for most lenders.

I'm taking into consideration your methods.

Consideration (something of value changes hands - normally that's EMD /deposit). 

@Erik Estrada I'll take that under consideration, thanks.

It reads "Now therefore in consideration of these premises each party shall pay 1/3 of the regular utility costs of operating the well. 

Starting and pulling the trigger on something is the most important thing.

Here are a few key considerations:-Location: A property that is located in a desirable area with good schools, amenities, and public transportation is more likely to attract and retain tenants.

I'll research more and take your advice into consideration.