Chan as for the BC and A units can you clarify what that is I think you are talking about the shape that the property is in just wanted to make sure I am on the right page with you.

Each property he wants to buy would cost about $140K and will give him $850 NET cash flow per month.In an effort to get the most "bang for the buck" I would suggest him to, instead of paying cash for, let's say, 20 houses, put a 25% down payment and finance the remaining, allowing those same $3M to get him about 85 of those $140K properties, which would now generate a $350 positive cash flow (after servicing the mortgages).The only question here is........Is getting 85 mortgages something even remotely possible to achieve?

The condition and local comparable sales contribute to what your tax assessment is.  I

my problem is I don't know much about actual home construction.

However with a little convincing by @Ned Carey I starting driving down the streets and realized how block by block the city truly is.  I

Problem is, I can't get inside to see it and I'm sure it needs work. 

They care about having bathrooms, a kitchen, fridge space, and cabinet space.The way I manage is I have a cleaner come in every 2 weeks to tend to all common spaces.  

There is also some poor advice above, sorry, but it is, I think the guru left the forums, but the DF act isn't that simple and if you don't have a finance background I seriously doubt you'll interpret it correctly, real estate attorneys are pulling their hair out trying to figure it out. 

As it is i am studying many forms of investing including real estate, internet marketing, and a few others.  

I think one of the first questions to ask no matter what your goal is, is how much do they owe on the property.