If they have any sort of major problem, ie bad tenant, furnace failure, foundation leak etc...then it opens up an opportunity for my business as it burns through their reserves to fix the money hemorrhage as their properties barely build those reserves up before the next fun run in the wonderful world of mult-family.

I've seen investors get burned when this is not the case.

HOWEVER, It is reprehensible and dangerous for a novice to go out with a cobbled together hotrod of a plan and not even be aware it's not even street-legal.As with wood-burning stoves--first you put the wood in, then you get the heat out. 

From simple “Seller is dead you can contact him in Heaven” to “I will burn you and your whole Jew family at the stake.” 

Make a list of 4 items per year and take him to Machu Pichu, sea kayaking near LaHoya, have a beer watching the sun go down over Lake Havasu, burning some hotdogs over the fire at Sequoia Natl park, eat Italian at Taoromino in Sicily, go to the Kentucky derby, watch a jai lai game in Tijuana and have some fish tacos, etc. 

At this point, I would avoid burning tons of capital on expensive and low return multis.

This will allow you to keep you rates, and payments but access some capital without having to change the deed.Since you don't have a deal yet  I would look at the HELOC that way you aren't burning a whole in your pocket with funds, and also aren't paying interest until you draw on it.Best of luck!

This was on the MLS as a burned down home How did you finance this deal?

It would be very easy to buy in the wrong neighborhood and get burned.

It seemed that every 2-3 blocks a house or houses were either burned out or boarded up.