The goal is to add me to the title, I start making payments on the property for six months (seasoning period). 

This accomplishes your friend's goal of having his properties in the same LLC, it's just in the case of this deal the "property" is an LLC interest.  

@Drew Reynolds   my goal would be to build a brrrr machine.

The goal would be to build a 3 flat on this property in the next 5 years and then hold it as a rental property.That being said, I wouldn't mind carrying debt right now.

Is this a realistic goal?

Caviar will achieve these goals by combining investments in fast-appreciating crypto-assets with income-generating short-term loans, backed by real estate in the United States.

I would live in the main house and rent out the apartment was the goal.

So that being said, my question is this.There is a city south of me called Pueblo, CO, according to the same site rent looks like this: 1 bedroom: $6502 bedrooms: $7653 bedrooms: $963Would it be worth it to start off living there and invest in Pueblo with the eventual goal of selling my Pueblo properties and buying a few in Colorado Springs?

Goal: Hold for 5-7 years then trade up.

Commercial (large apartments) are my end-goal, but I don't really have the cash for a down payment on a commercial loan right now.