If you are on the fence with the above, then you should sell now as you enter the spring market.

Would you share 3 specific things I should do during my "training period" (if it includes a book, which one)?

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

While real estate values do rise over time, if you can't cover your bills during the downturns to get you into better times to sell, you are likely to lose money.  

You wouldn't be competitive with the price you stated in your post.

This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?

This would help you get going.You might be able to make these a  little nicer and force appreciation and a little higher rent.Either way rents will go up over time and the mortgage with remain constant.Maybe even make one unit a STR which could see higher income.I'd be ok with break even or a little bit negative on a Quad given you have 4 properties in one.If you're only breaking even you still have depreciation and other tax write off to help you out.I usually make people 3 offers.

Essentially though you need to go off-market.

The house has needed some work done which the PM handled.

What Do You Think?