To help with leasing up units, consider utilizing services like Furnished Finders or Airbnb's midterm rental option.

If you are ok dealing with more property management, you could provide furnished rooms and target traveling nurses that will be in the area for a few months.

Here's details on the investments I make....Turnkey properties that I fully furnish and turn into medium term rentals.   

Have you considered furnishing it as a mid-term rental?

I'm trying to resolve a couple of terrible loans I furnished funds for on trasactional loans where the due diligence was lacking.I have tried to buy at foreclosure sales for the past few months with no success.

He has adopted the buy and hold strategy where he upgrades the units with granite countertops, new carpet, paint throughout and W/D's, then just sets the rent at the rate of the (normally furnished) comps to set himself above the competition which allows him to find the better tenants that way.

You will have to initially furnish the place, and the owner will probably buy your furniture when he boots you out.It's like borrowing someones car and Ubering it for 12 hours a day. 

Buyer’s obligations to close this transaction are subject to the satisfaction of the following conditions: (a) Buyer is satisfied with the status of title to the Property as disclosed by the title commitment provided to Buyer; and (b) Buyer is satisfied with Buyer’s investigations and inspections of the Property and with the results of Buyer’s physical inspection of the Property, including all electrical, plumbing, mechanical, heating and air conditioning equipment and all furnishings, furniture, equipment, appliances and personal property to be conveyed to Buyer.

It automatically generates various detailed wall types, doors, windows, cabinets, stairs, plumbing, electrical and HVAC symbols, and even, to a somewhat lesser extent, furnishings.  

Then there are expenses for advertising, PM, cleaning and supplies/furnishings.