Quote from @Brandon Blackmon: @Bruce Woodruff 100% the answer I'm looking.... a solid GC, has a 20-25% markup to I would for sure know going into this that these are private companies and they can set their own fees. 

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

The key will be to set up terms so your monthly payment works.

Line of Credits (like HELOCS) allows access to a set amount of money up to a pre-determined limit and it is revolving.

Thanks for the response Kyle and Josh.I have updated the description and focused more on the amenities and fixed the wording of the sentences.My parents currently live in the other half so potential tenants are directed to set up a time with them.

If you plan to grow your portfolio, consider setting up separate LLCs for each property to shield them from liabilities tied to others, though this adds complexity and costs. 

In my area these are rare so they are difficult to set market rent, and I imagine get a lot of wear and tear with a lot of occupants living there. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Please let me know what is convenient for you, and we can set up some time to meet.Aloha,Barb That sounds great, Barb.

Sounds like you have the motivation & ambitious but precise goals.