So, I've got two separate, but related, situations as I plan my way through starting out.Looking to get into buy and hold/ rental /BRRR1) Both my brother in law and a very good friend are contractors. 

Although I recently bought a house so my credit isn't TERRIBLE or anything - I have a high debt utilization on my credit cards and a seven year old BK that keeps my score in the low 600s - not exactly awesome.   

thank you Nathan G. i would most likely be buying my first deal in two and a half years, when i am working as a firefighter. i don't now if this is where to ask but what would be a good first credit card as i din not have one at the moment and know ill probably be needing one soon. 

So we still own his - it’s a house and a guest house - both rented. 

I am a math/accounting student and a bartender downtown.

Thank you again though for the caution, and a little cold water. 

Colleen, You are totally right about the cash flow and as far as I’m concerned I would be happy giving that to them I’m more interested in proving to my self that I can turn a profit on the property and the experience I would be getting.

They have two mortgages one small construction loan and a main mortgage that is an Interest-Only ARM that resets in about 4 years.

My question is: Is it more appealing to out-of-state investors looking to invest in Kansas City, to have a 5-plex commerical multi-family, or to have them subdivided into a 3-plex and a duplex side by side so you can get a residential loan on each of them separately?

We have done extensive research through Bigger Pockets and a few books but this is our first run with potentially purchasing liens and wanted to have a discussion on the topic.