Request a whatever numbers the person has, ideally a rent roll, P&L for the last 2 years, a list of major upgrades.

Do they prefer to be at a particular location that is near retail development? 

I've installed more than a dozen of the similar Cadet 3 with no issues other than some of the flappers developing blisters which caused some running.

I don’t know much about your situation but if you have well documented intention of development plan, and didn’t hold the property for an appreciation, ordinary loss treatment would be ok. 

Got in around $200K and should be able to generate a little positive cash flow with more emphasis on long-term appreciation given terrific schools, commercial/highway development, and companies moving HQ's more north (e.g.

Ideally, we’ll jump into the multi family game in Wilmington, but for now we need to find a place for our family.

@Nicholas_Weckstein thank you for the small MFR breakdown.Is the 25% down necessary or simply ideal?

Your struggles develop your strengths.

Obviously banks require you to have some skin in the game but ideally maximum returns will be achieved with as close to 100% financing as possible.A income property that can not produce positive cash flow with 100% financing will always require that the investor buy their cash flow with their own money.

Always develop an exit strategy when you make a purchase.