With conventional loans you normally have to put 20-25% down.

Normally the lower of the two scores are used for eligibility. 

I don’t normally see minisplits in my area and wanted to make sure I could compete for tenants.

I don't think it would be very easy to self manage this many while maintaining a full time job and normal life.

I would normally recommend Bob Copper with Self Storage 101.However, if the question is wide-open and you're wondering what in general would be best to do with that land, there is a lady out of California named Jo Beth White, with Development Services, Inc. who conducts Reverse Feasibility Studies for commercial projects nationwide.In other words, instead of asking, "Should I build XYZ?"

Or if I should just continue business as normal.

@Lisa TonerAssessments can change every year(depending on the county).Some reassess every year, some reassess every 3 years, some reassess at the time of sale, some reassess at the time a permit is pulled.Changes in reassessments dont normally have an impact on calculation of depreciation.

It really doesn't look terrible, the contractors bid things to make money and not gamble.

It sounds like you bought a great multi-family building that just needs some issues taken care of, which is quite normal when landlords sell with tenants in place... 

He normally just manages the job site and handles customer calls.