The only way tenants are willing to pay 3 ways is if the property is in a high demand area or the rent is not too exorbitant that its affordable to them to pay 3 ways.

Partial doc lenders are private lenders, not freddie/fannie insured so the rates are higher, but they're willing to work with self-employed individuals more readily. 

Many of the small complexes are owned by older individuals that do not know what what they are doing and tend to be motivated and might do owner financing. 

Furthermore, I believe he is also open to selling them individually.

I'd stick with 1 year or go month to month, but not with this individual.

I would be very careful commercial in small towns can stay vacant for EVER and a Day.just drive through any small town between Dallas and New mexico.. look down the main street.. nice brick buildings 90% vacant then on the outskirts of town a walmart and the associated fast food joints..the resi might work.. and maybe you change the commerical to cheap storage but put NO value in its cash flow would be my advice unless there is some compelling reason you think those would be leased.. if there was demand they would not be vacant would be my thought

Generally, the TX real estate market is very strong and thriving right now as companies and individuals are relocating and the state supports a robust economy.

I would acquire copies of the current individual lease agreements before making any offer on the property.

@Syrica BrownCraigslist (don't put street address in ad)Facebook Market placeZillow ( this broadcast to several other sites like hotpads etc)I don't schedule individual showings, I schedule an open house and funnel everyone to that same block of time.I typically get a line of people filling out an application. 

First off, anyone making money on single family homes are lucky or they pay close attention to the demand in that area because the turnover cost and/or the 0% occupancy rate is killing them.