:Doesn’t Maumee hold up home sales until the owner does 40k sewer replacementsAnd lateral, and sump, and tile. . . $40k to start, give or take.

To me the quadplex would be dual purpose, while you are not living there it serves as a reliable stream of income, once you move there, you could live in 1 of the units while you build your permanent home, and you could also use it for when your family comes over for large gatherings.A 2nd option might be to build an RV park, Unless their are zoning restrictions, you should be able to build one fairly inexpensive, with a septic system and either public water or a well, you can keep your costs to a minimum by doing gravel roads, which are easier to remove later if you don't want them. 

As rents grew, it became much more viable to the point that now, 8ish years later we are looking at moving on to the next level.

As rents grew, it became much more viable to the point that now, 8ish years later we are looking at moving on to the next level.

Hey, there, I'm currently getting approved for a single family loan to convert a large square footage Single family Into a 4 unit, then 5 units apartment building.cash out refi later and put that cash into a bigger building deal. also say a hud multifamily loan requires 10% down and 10% in the bank ( of purchase price )  but do i have to do this?

The downside was he later hired employees which caused insurance and other issues running a business from a residential district. 

If you want to use this as collateral for future deals, you will need to finance out of the SBA loan later, or put more money down on a conventional loan 5 year term/20 year amort up front.B. 

I have my second call with them later this week and I am leaning towards joining.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

For those who read this later, these are my opinions only, no one else's, from 30 years of experience.