So it is going to be up to what you and your CPA are comfortable defending if ever questioned.

Have you ever faced difficulty securing private funding?

If you ever decide to list those properties for sale on the open market, you know who to call.

Ever thought about outsourcing your bookkeeping service to manage your real estate business's finances?

As for the 2/1 unit There is a long term tenant (10+ years) that has a great relationship with the landlord (they seem to be friends as well) and has been paying rent on time ever since they have been there.

Stealing the equity in your largest asset at the time because of your ignorance and desperation.

EVER!

I’m new to all of this but motivated to take action and make calls to whom ever so any help would be much appreciated.

My lender is saying I need to resolve the late payment rather than dispute it.Has anyone ever successfully got a late payment resolved?

That is a very unique situation that no other contractor would ever offer you, so IMO, given your circumstances (assuming you are able and qualified financially and won’t be house poor) I would take your buddy up on the multi construction seminar.