I want to occupy one of the units, my preference would be the 2/1 so I can collect more rent from the 3/2 to go towards my mortgage.

However, I prefer to start my analysis with supply.

I prefer 203k to Homestyle in general.

I’m sure this is a preference, but curious as to what you all do.

I prefer a PM that charges a flat fee, but many seem to charge a percentage of the rent.In addition to how much, I'd ask the PM how long it takes them to find a tenant and when they start advertising. 

My company has discovered a niche and under valued market in Cape Breton, Nova Scotia.

I prefer infill where there are proven comps/neighborhoods. 

Let me know if you want a question They have 0 in the deal it’s all investors 50/50 GM/LPinvestors first. 2% acquisition fee10% asset management fee1% capital transaction fee10% preferred return to LPsYear 2 refi+NOI shows 121% COC and year 7 155% on sale.

While a deposit is almost always preferable, you should make a common sense business decision based on the circumstances and condition of the property, in my opinion.

I understand you're a realtor, but this sounds like an extremely niche property.