@Chris Seveney - there are a couple of different things in play here, and while I can't speak to other's experiences w/ different RADD avenues, what I'm trying to get rectified here is the initial "Inner Circle" membership fee to be refunded ASAP.

Negotiating is a skill that needs to be practiced and consistently role played to get right.

A 4-plex would be ideal and you could play around with doing 1 long-term, 1 mid-term, and 1 short-term, plus you, if it works on your area to upgrade your income.

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

If it's a long-term play, the potential savings on PMI with a conventional loan could be significant.Have you compared rates for both options?

Redeveloping into mixed use live/work/play projects has been the most common proposed solution the past few years in my area. 

It’s stable cashflow and long term appreciation and tons of accelerated bonus depreciation on taxes. like most anything in real estate it’s a long term play. 

Yup this is right out of the Sub Too guys play book. 

I would not try and play in the gray on this one - keeo your marketing out of those areas.

Maybe talk to the city and see what the process is.Now of course you don't know how things are going to play out.