I don’t know if I should keep pumping up the numbers in my 401k and getting the tax benefits, or lower my contributions and out money into a high interest savings account for my next down paymentIf you take the time to finish all the units, you will be able to cash out refi and hopefully take more money with you and leave nothing in.

The CMA shows properties like it valued at 210K.The cons are I have not had a contractor in the property (plan on having that asap, multiple subs if needed and extending my inspection period), the inspector did not see unit 2 (3bd/2ba), but will come back and not charge to finish. 

Once finished then you'd be able to get a tenant in there and refinance into a DSCR loan.

Nice guys finish last or at least not first, maybe?

Even if I was the senior lender for one of the new developments, in a downside scenario I wouldn't know what to do with the land / the half-finished or finished (but unsale-able for whatever reason) inventory.Therefore - I don't want to invest / make a loan in the development JV itself - I would rather make a loan at the parent-co level where there is collateral in the form of completed properties that are generating rental cash flow - they do have mortgages on them. 

Currently in the process of having one of the vacant units renovated with higher end finishes than were previously used.

I think there are many over looked opportunities like mother in law suites, finished basements with walk out, finished garage, or building an ADU, renting to room mates to offset cost, etc.

I've recently finished a Master's degree and have no job which means that I have time to dedicate to REI.

Finished the upper level and completely remodeled the home in and out.

Are they just capital partners while you go source and run the deals from start to finish?