Hope no fire hazards or code issues or noise issues or electric shock etc. by doing this project.

distributions.  

For older properties, expect a higher CapEx due to potential issues with major systems like roofing or plumbing.

However, I think your bigger issue is going to be putting 5% down on a small multi-family.

They said the tenants pay on time every month, and they have never had any issues.

Currently I'm using propstream, I was having some issues getting my account with batchleads set up and their service hasn't really been the best with assistance.

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

I have software that will allow me to send out and reset doorcodes so i dont forsee that as an issue

I do agree that there are some issues that need to be worked out but their is money to be made.

And by higher risk I mean higher risk of tenant issues  generally older homes with a lot of long term differed maintenance. limited opportunities for any REAL appreciation .