If you click the photo it should open full size in another tab.)This is imprecise so you can take this and fine tune it to make it better, but you get the idea. 

You might even find a mentor who can guide you along the way.Begin with a Bite-Sized Project: You don’t need to jump into a big project right off the bat.

Although it seems like the OP is really not looking to get much money 3 years of cash payments on that size loan is what 30k  seems hardly worth the effort.

It's a small sample size so far but may serve as insight for near future demand trend.

My sample size and knowledge is limited, so I hope some local Jackson investors jump in with their advice.

Determine which units need work done to get them up to market rent, which tenants may be a future problem, and which units you can simply increase rents without major upgrades.Depending on where you are located, the size of the unit, etc. you may be able to get up to $1,800/month in Bridgeport for a 2-bedroom.

As noted, any commercial sized assets are already held in an LLC, which it typically the borrowing entity, which is owned by an LLC where the LPs come in.  

The size of your tax return, whether it’s 250 pages or more, doesn’t inherently increase your chances of an audit.

Perfect example Oregon ( Hillsboro tech Hud) got a massive amount of Chips Federal Grants as Chips are seen as a National need ( dont want to rely on Taiwan)  Intel is largest employer in state . the city of Hillsboro identified 1700 acres to bring in to ensure future high Tech growth ( got to have the land)  the no growthers and farmers and newspapers scream we cant have sprawl U cant do this.. we have plenty of land already in the Urban Growth areas.. while thats true very few parcels are over 40 acres in size.

Since you will have what I assume is an atypical unit mix, you will likely need to look at what different unit size buildings are selling for.I.e. 5x 1/1s are $250k/door.  4x 1/1s are $265k/door and 4x 2/2s are $325k/door, you could assume covering to a 4 unit will value the property at around 1.12mm (3x265 + 1x325)vs 5 one beds being worth 1.25mm.