Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

Both me and my wife have full time jobs. 3) That $5875 is the 25% of contribution that S-corp can make towards employee retirement. 4) Thank you so much for improving my understanding on how 401K limits are calculated.

From the sentiment of your post it seems like you're viewing the buyers as strictly investors when they may lean more towards traditional homeowners looking for a quality of life improvement or an improvement on their current financial situation today.Let's say the buyer pays 465k and has a 5% interest rate.

It’s about balancing your goals: paying yourself back versus scaling quickly.

Take a look at Personal Property versus Real property coverage, plus clean up costs to make sure your covered.I would also look at covering your project from the Subcontractors. 

The mountain house has taken almost 2 years of breaking even and using some of the income on improvements until we have been able to cash flow.

As for the project, I assume Current is doing the horizontal development and will sell the improved lots for vertical construction, is that accurate?

So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.

Even as my portfolio grew exponentially, my work/life balance continued to improve. 

The company aims to raise funds from investors to purchase single-family homes, primarily in Florida, improve them, rent the properties, and eventually resell them (11:33).