Meanwhile, the more partnership-heavy investors often experience setbacks but use the leverage of partnerships to rebound.To me, partnerships increase both risk and reward.

The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.

Those were very good areas a couple of years ago when people were less aware of Ocala but it's gained in popularity so it's become tougher to make the numbers work, but there are still deals to be had, especially for rentals.

With $100k in equity, you might be able to secure financing for a smaller rental property without significantly increasing your housing payment.    

Of course there could be some other local businesses that might would want to use or share a couple of the offices that would possibly increase revenue. 

Be frugal, have a budget and use your time to increase your income

Am I going to make money on it, is there a value you ad opportunity so that I can fix it up increase the rents and thus increase the value of the property.

Also, gifting real property generally would require an appraisal as well, which could increase costs, too.  

However, because I believe it hurt bookings, I only charge the guests $230 and increased the daily rate to make up the difference, which has worked great. 

I was told by Wagner that the builder is trying to refinance the construction loan as the cost of construction has increased.