This post could easily become a book on what to doThis is an awesome opportunity and it sounds like a really cool unique property - no brainer to get it rented AND on top of that you can still go whenever you want.

Welcome to BP, sounds like a good plan!

This sounds like a good idea. 

It sounds like folks in this thread got bad deals and are blaming commercial loans instead of the lender who overcharged them.

Hi @Shibu ThomasThere are many garden level apartments in my area, They have low ceilings and sound similar to what you are describing. 

It sounds like you've done a great job setting yourself up for options.

Rachelle, that sounds like exciting progress, and thank you for sharing your strategy with me.

Building a portfolio with your brother-in-law sounds like a great partnership, and Cedar Rapids is a solid market to start in.

Hi, Nicholas Nocella, I would love to chat and relay ideas off of one another as you sound knowledgeable in both real estate and sales.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.