How will decisions be made? 

That's just incorrect, whomever told you this doesn't know what they're doing. 

Historically, it's a terrible strategy and your purchasing power will only erode due to inflation.That said, you want to make smart decisions and be pragmatic.

Sorry, just read the post incorrectly 

Bringing the management in-house would allow real time decision making on the validity of the spend.While there are other benefits, for brevity this post is just going to focus on the expense.Looking at the opposite side, there are quite a few challenges to starting a new business, which in essence is what is being done here.

Weigh the lower upfront costs and potential appreciation against the financing risks and possible delays to make an informed investment decision.

Again, the issues here would be if those properties were structured incorrectly or filed incorrectly....but I think it would certainly be worth having a conversation with a different lender about it.

I’m supposed to speak with him again on Friday, which is when he wants me to make a decision.

so I've found two properties that im currently interested in one a SFR thats completely gutted, and a 4plex that listed at 30k about market decisions decision...

@Jesse Kerr the disconnect, in our opinion, is doing everything yourself and keeping it in your head VERSUS a good PMC having to document everything and communicate it effectively to all parties.As the owner, you can make immediate decisions, saving LOTS of time!