After exhaustive analysis of various items in the industry I have found what I consider to be the gold standard for investor accreditation of "reasonableness" under Reg.

I would hold off on buying an 8-plex until you have exhausted your conventional residential financing. 

I think is just about not giving up and tasting does first deals, keep your mind focus. you want a story when I was in college I taught I should get into real estate my parents, owned property and I taught could be good at selling it so it turned out I was a not that great after I became a agent took me like 9 Months to get my first deal in escrow and it fell threw finally I closed 1 deal only one in 14 months  and then I realize this wasn't for me so I started trying to put investors together and doing more of the numbers for Investors and that's how after college I became a Investment Analyst for a Private Equity firm,  by far the youngest in the firm, this was during the crash oh my things were busy and money was being made in the investment sector, buying tapes and building and I was creating 20-30 Analysis a day I was exhausted working 80+ hours per week, but the money was great and I started buying some properties of my own with my bonuses, so in 2014 I decided to leave my job, and move to San Diego and became a full time Investment Consultant at only 29 years old I own, several rentals in 4 states and help people with there Real estate Investments, large institutions  or just small first time investors. 

Maximizing ROI is exhausting and I'd rather take a nap.  

Would you sell at market value and get the approx $70K in equity, or let is cash flow until depreciation is exhausted? 

I have no problem with trying anything & everything in the beginning but I don't want to waste time if there are more productive ways without exhausting so much time.

The guests on each episode have really helped me learn so much more than if I just spent my evenings, exhausted, reading articles online. 

If those don't work then look for a Hard Money lender the will lend based on the strength of the deal and not necessarily on the strength of the borrower.If you have exhausted all of your options I would be willing to lend if the deal was solid.Cheers!

be sure to have it laid out in the operating agreement how issues will be resolved between partners and how the partnership will be dissolved in the event a resolution can't be found.This is not an exhaustive list, but some things to think about.And in simple terms, how would taxes work if we make an LLC?

(If the furnace has the two PVC pipes for inlet air and exhaust, then it probably has a water drain.)