What you wrote makes perfect sense to me.

I disagree as the attic would make a perfect bedroom, even though it cant officially be called a bedroom, for a kid and I took all the steps to make sure that there would be no water issues in the basement (Dug drainage along house, added "pond liner" and waterproofing tar along exterior of basement walls).

Perfect example is Illinois where our taxes are 2 or 3 times most other areas. 

This reads like fraud...Mortgage fraud is investigated by the FBI and punishable by up to 30 years in prison and/or a fine of $1,000,000 --- (link)Bryan, there are perfectly legal solutions to your problem, call anytime.

When it comes to finding the perfect property to manage/co-host, what’s on your must-have list?

I find as I finance BRRR folks and flippers over the years their estimated profits are normally very high and based on perfection.. 

Thought I had the perfect team lined up, but midway through, the contractors didn't quite deliver as expected.

It's a multifamily.Even with perfect rents I'd be at a cashflow deficit of about $1500 a month.

You could sprinkle in some section 8 vouchers in the mix for a perfect recipe of Memphis investing! 

At any fixed valuation Cap Rate and NNN must be perfectly proportional.