Mainly you'll want to make sure that if you're going through your bank it's on your timeline in collection dates, and that the fees are not unreasonable. 

Hey BP Fam, Looking for a lawyer, one that specifically help us navigating the legal hurdles in starting a REIT.

Your hurdle will be convincing the underwriter that you will actually move from a SFR into a 4 plex. 

If you have no credit history at all then yeah, get that built up so you can clear the FHA credit score hurdle. 

.- If you are a real estate porfessional, the losses from the LP interest will have have to pass a harder hurdle compared to GP if you want to deduct the passive losses.- With GP interest, you could plan your taxes in such a way that you can convert some of your personal expenses into business deductions.  

The unit is sponsored by the building and after a couple hurdles it seems like we are getting closer to closing.

The comps I looked at say a ARV of around 507k isn't unreasonable.

Saving and knowing what to save for are the biggest hurdle for most people to overcome when making investing a goal.

If I am still planning on living in the area (within 10-20 minutes), is it unreasonable to think that I can continue being the property manager after I move out of the property?

The hurdle I'm running into is whether this can be a personal checking account, or needs to be a business checking account.All 3-4 people I've talked to said to simply form an LLC, and transfer the title, without a solution to renegotiating my mortgage in the process.