It makes a giant difference in the market value of the property when you're evaluating multifamily, which can make a giant difference in your offer. 

Our hope is that as we complete these rehabs, our completed work, and the increased value, will also increase the potential value of future work by bring the value of comps up.Sorry for this giant wall of text.

Second floor is rented to tenants and first floor has kitchen, a bathroom, giant living room and dinning room.How do we go about picking the % of the building to depreciate?

When I told the owner I was not able to enter today, the owner was upset.

I also have to second the "little giant" style ladders.

I am offering $105,000 with a $38,000 down payment to hopefully make the seller second guess any cash offers... do you think that's a notable offer?

In my opinion, they are not able to be trained to control that. 

Bad news - I'm currently unemployed and without W-2 income, I'm told I am not able to qualify to refi the loan. 

My thought was to take on a small scope of work to build some momentum and then build up to something giant, BUT if I find something that is a tear down to the studs property, but is a large spread would you take that on?

If you go to REO on MLS, then you practically competing against a giant of buyers with hungry cash not to mention wall street hedge funds.