It was ok, but I prefer Excel. 

On the flip side, you're going to have to ask yourself if you have any attractive alternates in which to invest your money and, preferably, are you willing to live in the in the new investment (i.e. house hack a multi-family property) or significant downgrade your standard of living accommodation.

I'd want you to get your CPA or legal advisor's Okey dokey because the benefits and burdens of ownership argument is specific to each individuals situation.So the answer is - maybe!!

However, I am currently connected with a couple people outside of my preferred state.I've setup some key words including BRRRR, financing, single family homes, etc. 

I'm not above any task, although obviously there are things I would prefer not to do. 

Uncle GC said that start 16 units is OK Start but preferable 32 units.

Preferably remove it and dry wall over.

Rather than GRM, many folk prefer the %/m gross return figure (In this case, 1.09%/m).

Unless the HML is motivated by the thought of foreclosing to get the house, and most prefer not to do that.  

If you set it up as a partnership, normally, the limited partners (those who bring the money) would receive their money back and a preferred return on investment of 8-10%.