Couple of things to share having just got additional detailed information from the owner:Rents in building avg. $24.52 (submarket is $22.07) Price per sq. ft. ranges from $14.52 to $39.32. 

If you do find it, great, but if not consider purchasing a single family and just turning it into a rental when you leave.In either case you need to ensure that it will cash flow from day one.

We are extremely concerned, as the house needs termite, structural, and additional work before we can move in -- we have contractors lined up as soon as possible after closing, because our apartment lease is up in a few weeks so we will HAVE to move in at that point. 

Doesn't involve second liens, additional interest expense and allows you to build equity immediately. 

One of the easiest ways to ensure this is to use a licensed MLO to handle the qualifying and paperwork.

Additionally, invest in other real estate projects.

I remember Robert Leonard saying that he uses that method to access the equity for additional funds to renovate a property.Jeff V

Ensuring there is more cash flow. i.e.

you may pay slightly more interest but drawn out over an additional 10 years, they'll likely still cashflow better.

This meant we had additional rent coming in!