I believe we have one more round to go before we're running out of room thus my prediction of 30-year fixed mortgage to be 2.75-3% during the next downturn. 

She is 63, and receiving social security due to a major back injury, however does have a cash income every month provided by 2 family members that rent two rooms from her. 

My initial plan was to buy a pretty cheap terraced or maybe a semi detached if affordable near a university, with 4-5 bed-rooms and have one room for my self and rent the others out to university students.

Growing up in Balto in the 1960's  both me and my brother had a bedroom in the finished attic , you had to go thru my parents room to get up there . ( and somehow they had 2 more kids) The door was narrow , beds had to be pulled up and thru a window .

Without any cash flow you have no room for anything to go wrong.

If you are a wholesaler in Southwest Michigan between Grand Rapids and Three Rivers, out to Lake Michigan and over to Battle Creek...

My short term goal is to find one nice frame house (low cost) to live in that I can remodel the kitchen, basement and attic and add one or two bathrooms that has at least there bed room, then refinance, then later add an addition to with a composite deck.  

Just for potential notes: going by the numbers, the 4plex doesn't seem to have separate electric meters, both the fourplex and duplex looks like a roof replacement is due, some windows are boarded up (100% occupied)driveways would need to be added (currently a dirt lot)There is definitely room on the property to add another 4plex if zoning allowed (there is an apartment complex right next door so I don't see why not)even the third property has a good chunk of land behind it considering what the norm is here.There is a nice elementary school that is just being completed on the same street less than a few houses away.

@Brett SnodgrassTo think someone would sell something like this, lol, no it should be a good deal in the grand scheme, though maybe I should have let you trash it out, it was way more than I thought, lol Thanks tough seriously@Adam Beckstetdtwe can talk about at lunch it really is an overall ok house now that cleaned out@Kimberly Schmid@Jay Redding mostly trash though a few finds, @Jay Reddingplease paint your house ANYTHING other than that color, lol@Drew Wiardthat was kinda my plan, but the guys want to recover from this first, lol@Sarah Ziehrseriously this tops my list and I usually have the crazy deals, hats off to you. 

We refinished the existing hardwood, updated the kitchen and bathrooms, set new tile and backsplash, and added a utility room.