Whenever I am having an issue with financing, I normally reach out to local institutions.

They seem to keep going back and forth on this issue.

The issue I see with your $500 allowance is that in some seasons they will definitely be seeing a big cost.

You can sell a property with tenants with no issues the only thing is you wont see as good of a price for the property since it will likely be an investor purchasing it.

While the location is great, parking is an issue, and can really only accommodate about 4 - 5 cars total at time reasonably. 

I've even reached out to start designing the townhomes) My issue now is: i do not have a builder.

Whenever I am having an issue with financing, I normally reach out to local institutions.

In my 30 years doing this I’ve found that as long as you address each issue that comes up properly and do the repair needed to bring that part of the building up to current code then you will be fine.

We can turn them around in just a days notice, we’ve actually had wholesalers come to us day of close because an issue popped up with contract verbiage or $ disclosure etc.  

Then, they sign the lease, are issued a key, and can move in.Nobody moves in without passing my screening and signing the lease.