I'd kill to have hardwoods underneath that I could simply refinish.

You need to check you local laws and codes but here in Baltimore is simply means it has to be renovated and brought back up to current code and get a Use and Occupancy permit before it can be used again.

Either you'll get your own agentand they'll get a cut of the commission or the listing agent will keep the whole commission.

Simply by asking the same client as above if that yearly money includes any salary, would make the information in the application more accurate.

They will need to get creative to solve the problems faced, a sinking fund won't cut it and it will take decades to revive but I'm sure there are profits to be made for those who can identify the diamond in the rough. :)

I simply made it a rule - I wanted $100 per unit, per month.

You could then tell him you have four more and see what kind of deal he will cut.

Looks like I will have my work cut out for me as I am a freelance musician and I took decrease in earned wages this past year when I moved states.Are there other avenues of getting capital that would be better suited for my situation?

I remember in the front of their office they had a big table and kids cutting and pasting out of the paper the NOD's they bought most of the Oakland foreclosures for years :)Its a dollar over in Oregon and Washington can't buy anything with a penny :)

You'll need to gain their trust, some spiel about how great your deals are won't cut it, you'll need demonstrate competence and how you can protect their money.