My goal is to build the capital needed to start investing in Real Estate, and I felt this was the best way to get there.I spent 6 years as a project superintendent with a commercial builder, followed by 2 years as a construction manager in the track home industry.

Also, you'll want to look at value add opportunities with utility optimization, either a reno project to pass utilities on to tenants or some kind of billing system.

You might want to consider a bridge loan for this project.

Draws are almost always held back until you reach certain points in the project or that work is completed.

Local PM here - we have multiple development projects we are gearing up to sell, both small multifamily and townhouses should you want to take a peak at them.

Do you mean it would need an architect because that's required by the jurisdiction, or because the project itself would need an architect's expertise?

Happy to send over some referrals - some are better for big rehabs vs small cosmetic vs subcontractor only projects.

Be very careful with this as a first time project! 

Easiest project we have ever could do.  

My husband is leaning toward keeping it since it is a project we would have to deal with.