I intend to add a closet to the den and make it a 3 bedroom adding value as well as remodel the entire unit.

So if the LP's have enough cash they simply pay the loan off and own it free and clear.. but the size of the deals are so large raising cash to pay off debt simply is not realistic at all so if the property goes into default your junior position investors find themselves wiped out.Further more thats why a debt fund like Chris has can be a good choice for the very conservative investor..

Many of my clients are adding on to make their properties a 4/2.

I know there is not a ton of resources that don't require large financial commitments, just wanted to see if anybody knew of cheaper alternatives. 

Next, run the potential income against construction costs for adding up to four more stories to the building.

And hands down the #1 violators of tenants rights (I mean legit cringe stuff) are those large communities, not investors like those who make up the majority of BP. 

While I don't expect another 2008 size wave, I do see a large hold back of inventory coming to market. 

I wanted to see if anyone is familiar with or can recommend paid mentorship programs or coaches for small multifamily unit investing (2-4 units).In my research, I’ve found that most mentorship programs or resources I come across are geared toward large syndication apartment building purchases or other types of investments, such as short-term rentals, medium-term rentals, single-family homes, Section 8, or fix-and-flip projects.

Real Estate is a large asset class that has many different strategies inside of it. 

Since the yard is already rough, I would keep the shed and see how it works out.Consider adding something to the lease that permits you to remove it from the property if it becomes problematic.