As with any business plan, the pro forma is only one page.

I plan to use BP tools for finding markets, deals and team members.

If your properties are highly appreciated I would be cautious about selling them without doing any tax planning.

Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

Thanks @Robin Simon I plan on reproducing this strategy in 2025 to buy 3-5 more. 

I've decided to stabilize it and pay down the mortgage for a while and reassess in the future what my plan is. 

I have land with a house and plan to build a a house for me to live in soon there.

Giving them a laundry list of items will typically just overwhelm them and create more confusion instead of giving them a smaller step process to get more confidence to get the ball rolling and then they can get into the weeds on their state when they get the contractors out there, have local bids come in, and dial in their plan. 

Depending on the construction, you have to do major upgrades on electric, plan for plumbing for apartments which may not be permitted in the area for the sewer or septic.

When you find a sponsor you like, do yourself a favor and get clear on what your experience will be like AFTER you have invested.Does the sponsor have a communication plan?