I'm not sure how you would approach your friend to buy their property, but in terms of financing, you could always try for a conventional loan program (lesser property requirements, so you could swing a fixer upper pending how extensive the repairs needed are).

I just heard that starting in 2019, the City of Cudahy is going to require all property owners with a property that has 4 units or more to pay for private trash and recycling pick up.

So they said they can waive that requirement but instead, now need 6 months reserves ($35K)  which they do not have.  

And doing a 1031 in this market at this time requires some very thoughtful and thorough due diligence to beat the scenario where he is right now. 

For this reason, most banks will require 20% - 25% as a downpayment.

It is a million dollar project that requires 10% down. 

When you request a copy of the current tax roles from the county the treasurer's office will require you to sign a statement that reads that the records will NOT be used as a mailing list or phone list.

@Michael Elliott  our state requires that we give an accounting of any deposit we keep within 21 days.  

There is no review, thus no ownership requirement, for a condo complex of that size.

My wife recently purchased an 8000 watt electrical ceramic kiln, 240V 1 phase power, 33.6 amps.I am installing in the basement of my home (owner occupant, not in a municipality that requires an electrician's license):1. 50 amp dedicated breaker in the panel, per kiln manufacturer's recommendation.