Feel free to share any specific questions or scenarios you’re working on—I’m sure the community here would be happy to provide insights.

Adding value and seeing how big the empire can get.

Also, if you have a below market interest note, if you wanted to sell that note for any reason in the future for liquidity you would be affecting the value of that note negatively.

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

Another idea that we have been exploring is using the cash value of whole life insurance funds for emergencies. 

You won't "add" much value to a Class A property.

Then, over time, probably a few months, start to determine who you would feel comfortable doing a deal with.

All help is appreciated and I feel really bad because my other tenants go to work and have children that go to school and they are not able to sleep properly because of the loud music. 

And they take a cut along the entire way - they sell you the house that they have rehabbed and are selling at appraisal value - (making commission plus flipping profits), they lease the house for you (take a management fee), they repair (take a %), when you sell (there they are taking another percentage).

Given that I would pay 3/4 of the property's assessed value I think this could be a great opportunity.