A good friend of mine, managed a similar transaction last year: he merged several single-family homes around Florida and exchanged them for a mid-size apartment complex in Chicago.

I'd estiamte a pricetag of $20k including panel upograde (although you didn't mention size of house).Problems below vvvv*Unsafe modifications are far more common with K&T wiring than they are with Romex and other modern wiring systems. 

The best banks that I have found based on your main concerns are smaller, regional, community sized banks.

Other most common factor: Family Size increases due to marriage or having a child. 

A mylar balloon, the cording, bus sized filters or heck, let's make em building size, it's cheap, crazy cheap. 

Take a look at this chart: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% This is how likely a borrower is likely to default on credit extended to them.

I have a Breville (around $300) and it's big enough to cook a full size pizza or whole chicken, it toasts, has convection ability.

I've seen 100-year old 1300sf houses in Phoenix in the historical district sell for more than new builds twice their size in the suburbs.

-when you say "multi family," what size?

I agree 250 MAP clients is a lot, even in a city the size of Pittsburg.