. - will it influence property taxes once we move to conventional loan in 3 yrs? 

My advice would be to evaluate your exit strategy to see how the asset will perform if you were to move.

If your friend is unwilling to pay that then move on.

Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving How did you finance this deal?

In 2009 I renovated my own apartment and moved out.  

@Damini Dutta did you end up moving forward?

Investing out of state in the KCMO area sounds like a smart move; it’s such an interesting market with plenty of potential.

This allowed our partner, Jamari Sprueil, to move forward without any upfront costs.

Quote from @Emily Gowen: I only recommend investors sell when they can move the money to a better-performing investment or when the sale moves them closer to a specific goal.

It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.).