Thomas:You have raised a compelling reason for why it would benefit you and your company to raise this institutional fund, but you haven't explained why it would be attractive for the institutional investor.

Thanks for the guidance on building the "vision" for someone else too, I have pretty decent contacts in the architecture/building industry and can probably get some good feedback and estimates too.For multifamily I initially thought about starting with residential as it would be my primary residence; however I am still educating myself on commercial multifamily and it is quite attractive from a financing and market stability perspective.

I think we will go with gas since we will have to live there for at least a year or so, and the tenant we are attracting is a long term, large family or group as this is a 4bed/1.5bath where I imagine they would cook more.

The bank will insist that it be listed but an offer in hand is attractive, especially if you can show that the home needs work.

That could mean paying a bit more, paying the title policy, giving a low-cost lease back, or something else that's attractive to the seller.I hope this is informative.

Currently, I invest in SFs and location is very important for any prospective properties - 1) because it may attract a certain tenant (ie. great school district, or close to a college campus) and may also help me avoid certain tenants that might be troublesome and 2) future resale/appreciation.I am interested in pursuing MFs, and I find some really great cash flowing properties in my city (and out of state), but they are located on the edge of what might be considered less desirable part(s) of town.  

The numbers on the deal are pretty attractive and check off most of my criteria.  

Check out themoneyhabit.org to see how one young lady built $2M+ in net worth and retired at 28 in NYC. 

Should I get a stackable washer dryer for the unrented unit in order to attract more inquiries?

I think it has the best opportunity for appreciation & value add, attracts the most renters, has the easiest exit strategy.