We currently have two mixed use construction projects going on, a 4 plex we are renovating and close to 100 units we control/manage as well in the city.

Actually, it sounds like the agent has it all under control from what you've posted.The Dwelling Fire (aka Landord policy) is the correct policy for a completely rented property. 

I like to manage the property myself because I like to have control over tenant screening and marketing.

I like to manage the property myself because I like to have control over tenant screening and marketing.

Partnering with an out of state investor is one way of controlling the risk, which is why we do it that way.  

I feel that offering options allows the other party the feeling that they have more control of the deal.  

Plenty of opportunity and not much to hear from the city upon purchase.The POS ensures that neighbors actually take care of their houses, which doesn't happen in areas where the city has no freaking control over anything.

It was not our primary revenue stream but we owned/controlled the adjacent scrap (empty) land and it was a very small (and inexpensive) lot but convenient for 'customers'... but I'd do it again in a heartbeat if I had a similar opportunity.

But I can't see how a lender would give you funds for a property that you didn't have control over.  

I also do not have a thermostat to my heat in the unit which leaves me no control over that.