I plan to call lender on this but don't want to wave any red flags. thoughts?

I’d be very careful about who you replace this tenant with. 

Quote from @Sean Barnebey: This is an interesting opportunity, and it sounds like you’re approaching it wisely by considering the numbers carefully.

We have a decent plan working now, its just a matter of financing and scaling.

If you are planning to invest in MF, the 2-day weekend Sumrok training is very helpful. 

You want to focus on markets that work with your plan and also where you have a personal connection with someone, even if you build that on the internet.

Hello everyone,I’m currently in the planning phase for a development project just outside of Santa Fe, NM.

If you're working on other projects during that time, it could create an issue, as it would for any employer.Why not be upfront with your boss and let them know you're planning to get your real estate license?

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

• Should utilities, internet, or services like snow removal/lawn care be included, or not?