On an annual basis, the administration is mostly meeting minutes, resolutions, and annual filing of your 990, most of which can be outsourced depending on your budget.

HI @Zachary Sakena putting property into LLC in my opinion depends on that strategy you are looking to implement for next property and if you want to leverage property moving out of into LLC.  

If you are thinking out of state, it really depends.

However, I suppose it depends on your situation.I know some people who borrow from their 401k or use an IRA to pull from.

And this does not include the real world issues, namely are you even allowed to convert this property to a four-unit and taking a single family to 4 unit is very likely going to cost more than $110k (but this depends on the actual layout and work scope).

And if you only talking $1-200k it is not a massive initial reduction depending on their basis.

If they are able to remove the term it will be dependent on the loan underwriting requirements, not because they want to keep you as a banking customer.

Depending on your state you may or may not be allowed to accept a partial payment during the process.

Depending on who you're targeting to rent your MTR, each website has it's benefits.

You'll most likely find your staffing costs to be in the neighborhood of $1,200 to $1,900 per unit per year, depending on property size, class, and market.