We don't hide that by continuing distributions--so we cut those off early to preserve cash reserves. 

You are trying to take a short cut to make it convienient for you.

Our ability to provide immediate funding ensured we could secure the property without delays, giving us a competitive edge in the market.

We did a commercial loan, 20% down (10% down each)-I leveraged my partner's relationship with his commercial lenders to establish a baseline of credibility for myself and cut my teeth doing my first deal.

@Rob Bergeron are these going to be section 8 type inspections or will they be more of just a safety check?

I suspect you are going to have to cut your profit expectations significantly.Good luck

I would love to stay here with either a lease-to-own-option, or, to get a big cut off of my rent as a property manager for the building, since I am a licensed real estate agent. 

The FED Should start cutting rates Soon, out of choice or out of necessity.

IF my income got cut in half, the first thing I would do is cut my expenses by a whole bunch.

This shows you want the shortest short-cut and don't want to do any work.