As mentioned, they often come with limited returns and still require management.I’m curious—when you say active investing doesn’t appeal to you, is it because of time constraints or concerns about risk?

When I tried to open this account though, they treated me like a criminal even though I explained this repeatedly and all of my documentation was in order.My only concern about using Solera or Titan is that there's no local branch for me to access, and I'm kind of old school.

/city regulations, set up costs, doing things to stand out) and leave you with less cash in case of an emergency.

However, these activities should not cause concern for them.

My question is can I purchase this property, renovate the top two units and just leave the basement as is?

There are always people entering the market and leaving the market all the while the many investors that do this for a living will stay and grab deals.

I am very concerned.

You may come across pushback with having co-gendered units so as you grow I would suggest leaving room to have unit(s) that are male and female only for those who are more comfortable with living with others from the same gender. 

And then the second item is - if you do take out more money, where does that leave you from a cashflow standpoint.   

I understand your concerns.