He is actually in another type of apartment situation in a house, but it's got some shared quarters. 

Who is installing baseboard and quarter round.  

With interest rates as they are, and knowing they are probably going to start dropping over the next few quarters, is it best to wait on any kind of finance for a year'ish or are the rates not going to come down enough over that period to make a huge difference?

If it says they don’t have to provide anything then that’s the agreementTypically agreements require at a minimum annual updatesThe good ones do monthly or quarterly depending on offering type

If you're adding an ADU you wont need to add in sprinklers but a legal expansion into a fourth unit would most certainly.

It's just that those potential movements will be based on other considerations (chiefly, incoming economic reports) and NOT on the Fed's rate cut.To make matters more confusing, it's important to remember that Fed policy still has a tremendous impact on rates, but that impact stems from the Fed's words and quarterly projections.

Are you stepping over a quarter to pickup a dollar? 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Nearly one-quarter of family office have multiple 'branches' often to support the families in other countries. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.