This is where choosing the right property managing company becomes VITAL!!!

Such rooming houses tend to cater to a population of professionals/labourers who have the commonality of employment.The social rooming house:  These establishments provide a vital role in housing the "down and out", the mentally ill, the addicted and others on the fringes of society.  

Depending on your account, you can also draw funds out and use them any way you like, you just need to replace those funds within the time requirement to avoid penalties, if it's a short term to the end of the project, you might accomplish the goal this way just making an advance under the existing loan as a modification or just make a new note. :) 

As the renovations happen, first with the exterior of the buildings and the grounds, tenants would be worked with as unit modifications come.

I believe that education is vital in this bushiness but will do nothing for you with out action no matter where or how you get your education.

I think it is a vital piece to the puzzle. 

Three main components that are vital are the CPA the attorney and the insurance agent.

For most of my remodel projects, at least 50%-70% of the creative ideas/modifications come from me (and that's being generous).

After the dot com bust artificially low rates were vital to creating the housing bubble, which was a credit bubble (mal investment.)  

More importantly, I think it's vital to learn as much about repairs and maintenance as possible.