Also, many PadSplit properties have bedrooms that are created via flex walls that wouldn't meet the definition of a bedroom in an appraisal, so many PadSplit owners may think their property is worth a certain a mount based on a bed count that's not valid. 

Sounds like I may actually be on the right path 😄 

As I start down one path, I have more questions which leads me down other paths with even more questions. 

Trying to understand what multi family rentals are and learning how I can invest or convince myself to invest into it or learn more on this topic to understand this is not my path.

I understand that completing long distances BRRRRs is a different kind of animal, so I am hoping to glean insight from investors who have successfully gone down this path.

Look at water flow path on and of the property.  

What is the best path forward?

If staying in the deal isn’t ideal for you, an equity buyout by your partner or another investor could be the simplest path.

Eventually we will pass that responsibility on to someone on our leadership team too.So the route we chose is definitely not passive, but it also made us more comfortable with the investment. 

A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.