Only that he just wants to wipe his hands of the place with as little fuss as possible and move to a low maintenance, age-appropriate living arrangement.  

She is 62 years old, so possibly close to retirement age too. 

Even at current occupancy, it's a 8.4% cap-rate ($239K), which is better than what MPAC suggests for Brockville. 7.2% at $279K.The economy is a concern for sure - Brockville is a ~22000 person town, plus two "suburbs" of 15000, median age 7 years older than Ontario.

I attribute most of those problems to the age and condition of the properties, but she attributes it to multi-family as a whole.

The %age and the points seem to be really high that you paid for the private lender.

I am 24 years of age, I have a son that is 11 months old and a wife that is 3 months pregnant.

Other systems:  age of the Roof, Plumbing, & Heating systems can also impact what companies will write you. 

Usually the more doors per apartment building and/or the more money you put down, the more cash flow per door.You could also look into buying businesses (owning them, not running them), good old fashioned stock market investing (not retirement accounts, im talking brokerage accounts so you can actually use the moeny before retirement age) , cryptocurrency investing, or a mixture of all of them. 

Without seeing photos, the age of the property, and knowing more about prevalent soil characteristics around the area, it's difficult to say.

It is the 7th largest county in IL based off Population. 34% of the population rents and the median age is 38 with an average household income of $49578.