I hope to connect with this one owner of a nice looking (exterior) multifamily over West Side. 

Figured with the improvements, age of the unit (2005) and the fact it’s a condo with all exterior maintenance on the HOA that there wouldn’t be much out of pocket factored into maintenance costs.

There are also differences whether he invest as an equity partner as opposed to be a lender.

Kitchen, flooring, windows, doors, roof, siding, some exterior clean up, new bathrooms, paint, light fixtures, trim work.

The exterior stairs on the side of the 2 story building, leading up to unit B, has damaged wood/peeling paint and needs to be repaired/repainted.

Home inspection showed that the house has good bones, it's in a GREAT location, and it's multi family with fantastic rental potential....but...roof needs replacing, cloth wires, cast iron piping, and an exterior stair/balcony structure needs replacing.

It’s typically advisable/required to add the “owner/agent” in the public notes, though an actual signed disclosure form may be required for this too.As a side note, for a few hundred bucks you could probably track down the previous owner, get a release or QCD from them to clear title.....this assumes it’s Only the owner who could protest the sale....as opposed to other lien holders, of any.

New landscaping/upgrades and exterior has all new roof/gutters, 3 windows and new paint.

The issue I'm running into is on the surface it looks like the houses are either in great shape (i.e. won't allow me to pull out a lot cash during the BRRRR) or the houses are so run down that I wouldn't be able to use my VA Loan.I feel like it's still worth buying a place and renting the rooms as opposed to throwing my money away on a cheap apartment for myself. 

I would also suggest that you do a drive by of the properties and get a sense of whether or not they are occupied or vacant, the condition of the exterior.