It seems to be a hybrid form of REI.You earlier mentioned MFR, so I'm curious if that has been more of your focus or do you maintain a mix of SFR and MFR? 

Also as mentioned above, your effective return on a paid-off property is not the best use of that dead equity.Ultimately I think this comes down to your time horizon.

Yes, banks will do longer amortization on loans, but as it was mentioned above, financing small deals like that can be incredibly challenging.

(on a side note, you know the @mention worked when you see the text turn blue.

As I mentioned I am specifically involved in the multi-family space.

She should be able to use the loan for $115,000 and add $30,000 cash from her savings to purchase it.And as mentioned above, you can always look in the areas adjacent to Charlotte for some duplexes and triplexes that might be a little cheaper. 

He mentioned in his email that we would wait for my response fro 3 days until he proceed to take any further actions.

Under the situation mentioned you will likely need a 20-25% down payment to purchase the tri-plex. 

Just came across this and thought Id' mention that @Jeffrey Isenberg and his multifamily investment group just started a great meetup in Sherman Oaks.  

I don't want to get caught in that paralysis by analysis either or like you mentioned, kick the can down the road.