Also, you are not buying at a premium and can allow the property to appreciate if that said area is historically improving. 

Investing in curb appeal, such as landscaping improvements, can make a significant difference.

Its my understanding that the individuals are responsible for all the legalities, contracts ect to make it safe not to get ripped off. 

Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....

., contracts, blueprints, reports, scanned records, etc.) while managing access permissions for teams and individuals.2.

I like how even though you rent to the working class individual and they aren't $100K+ homes.  

I’m now venturing into new opportunities to expand my expertise and grow my portfolio.I joined BiggerPockets to connect with like-minded individuals, share insights, and learn from the incredible wealth of knowledge this community offers.

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

I think this will work because this 16 unit will function more like 40 units with 40 individual renters.

Photo quality is important to drive traffic, and staging can improve photos and prospect appreciation during tours.