Even if someone gives you the lay of the land, you would still want to go there to see for yourself, just as you would definitely have someone come check out Dorchester to see what they consider safe and not safe.

IDEALLY, we would like to find a property that has or is capable of being converted into a “mother in law”, “ADU”, “Casita”, or any other separate living quarters in which we could rent out the main portion to a tenant (short term or long term) and then use the separate space as our own for when we come and go with business.

I'm not trying to insult you, but the terms "36-Unit Multi-Family" and "First Time Investor" should not go together.

Is there anything people would recommend to help outside of excel spreadsheet (which is what I was thinking of) . 

I think option one is better if you want build a lasting relationship with this agent.

The city is still economically not showing the types of growth that you’ll find in areas like the Lehigh valley which in my book are a huge pro.

If you can't qualify for a Heloc, maybe you will not be able to get financing for the apartment purchase.

Just to clarify, there is no limit to what you can raise as a nonprofit but, as Shonda mentioned, you can do a simplified filling if you intend to raise less than 50k a year.

If you have a chunk of equity, do a 1031 in to a property that is performing in a way that you feel better about.

Thank you.