Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high. 

@Nathan Gesner you just have a high value lesson to everyone.

Hopefully things continue to progress, and you come out on top with a huge equity position/high cash flow when it's all completed. 

The Real Estate Guys do a great newsletter with lots of high-level information about the economy and how it impacts real estate.  

UPDATE:  Just chatted with the city and learned that variances have a high threshold for approval.  

In my search, I've noticed that many positions require proficiency in Yardi.I've been actively looking for effective ways to learn Yardi, but it seems challenging to find suitable training or courses online.

The BRRRR strategy was great a couple of years ago, but it's much harder to do now because of the high interest rates.

This is especially true of small mom & pop businesses in high end areas.  

The "+/-" isn't based on the high or low end of the sq ft range, it's based on the differences in quality, or finishes, or the specific location within that micro-market. 

And I will stay in my condo until I can afford to buy a bigger place.However, with high interest rates, I’m reconsidering.