Stay tuned on that but I will continue to do what my accountant tells me. 

The house was built in1986, so we should hopefully be fine.  

I use this and it works fine on my own BRRR's and my clients BRRR's.Appraisals for refinances are always at the lower echelon of value so if you see the top comp in at 200k and lower comp in at 175k your appraisal is probably 180-185 or less, dont expect 200.

you just need and equity partner... then you two strike whatever deal suits the both of you.these things are fluid  not set in stone and each has their own deal structure.. its the fun part of real estate.however the first lien holder may require your equity partner to go on the loan with you.they may not accept a 80  10 and 10 deal.... in the old days it was perfectly fine.. but now not sure@Chris Mason  is there 80  10 an 10 product out there are these being done in the investor arena

The units look fine however just a bit dated, they would rent as-is however I would go in and do some cosmetic updates at turnover.

Buy right and you're fine. 

I basically said fine I will give you exactly what your asking and then some IF YOU AGREE TO MY TERMS, which is just as you said you want 104k - we will give that to you in payments, we will find a buyer who will cover that, and why I'm telling you how Im making money off your home is if I find a buyer who will give me more than our deal I will split it with you 50/50 but I can not make a payment until I secure a buyer deal... 8 days later we had a deal.

I think there are really big fines for doing this, too. 

The inspector said that structurally it's fine.

Legally you have stolen their money.Everything will be fine until it isn't and if that happens you will have serious regrets.