it was a lot of work and was done shortly before Covid   If you do more then you can save even more   If hiring all work out, you will over run that budget   Good luck

Gave me motivation that things can work out even in these markets of uncertainty.

Multi-family can work out but if you're marketing to travel medical professionals, many of whom work nights and sleep days, you'd need to be able to provide a relatively quiet space and that can be hard to achieve in multi-family properties.

Total square footage could work out to about 30,000 when all is said and done.If I am able to negotiate a contract with the seller to carryback the 20-30%, what kind of financing options would we have. 

This new Builds are offering tons of incentives to home buyers, and sometimes will work out better for buyers than trying to buy a property that is distressed.

- so all in all it will probably work out. 

How will his syndication deals work out for his investors when he is forced to refinance at whatever ballon payments he financed the deals for?

He has experience setting up syndications, but past that if you're planning to make moves in California getting started with him or anyone at Cox Castle plugs you into one of the hardest hitting real estate law firms in California with highly experienced lawyers in construction issues, contracts, financing, work outs, land use, multifamily/commercial purchase and sale etc. 

Interesting seems like a tricky strategy for a first investment but could certainly work out if done adeptly.

I try not to mix friends/family and business, history usually proves it doesn't work out.