It would not matter to you if a locale has a human life time (100 years) of long-term appreciation and numerous economic indicators and studies that there will continue to be long term appreciation. 

He has had a mortgage on the property since at least 2003 based on city records.Anyway...the building is in a very good location with high traffic counts, numerous fast food chains sharing the same street along with a large retail strip with national tenants, an elementary/middle school and a small university (Indiana University-Kokomo, which is quickly  growing with a 125-bed apartment complex being built down the road and opening in early 2019) all less than a quarter mile away.The building has always interested me, and of course I have NO idea how much damage has been done to the roof and interior by both the tornado and the lack of use for multiple years.

I am being told by numerous lenders that I can’t purchase a 3 family using an owner occupied FHA or conventional loan at that matter.

Most importantly, does any of these submarkets have any economic anchors like state government, major universities, major health care centers, or manufacturers that are independent of the economy like military suppliers that employs most of the residents of that submarket?

But with a note fund you aren't exposed in the same way because you're effectively investing in pieces of numerous different notes.

Ended up selling one day 1 with numerous other interested parties (I.E. probably worth $320,000).Appraisal came back at $295,000... oops!

Cops have been called numerous times and they have been asked to leave several times.

I think that starting a part time job (in conjunction with being a waiter) at a property management company would provide numerous benefits and help propel your career, no matter what the wages may be. 

I am not an accountant but have kept a set of books on numerous occasions.

Every door had numerous holes and the frames were all busted loose from the walls.