Be conservative in your rent projections and overestimate the repairs.I am not sure what the age of this property is, but I have found with older properties (mixed-use and apartment complexes), there are several variables that are typically not an issue with newer properties.

Using credit instead of cash for reserves is an aggressive option that can increase your investment returns, but it increases risk: will credit still be available if/when you need it?  

There are a few different options you can look for in this case.

This market is typically only slow appreciation, but recent market forces have worked in my favor and I've enjoyed a good amount of appreciation too.

Another option would be to tell them you have to make decisions based on your investors best interests.Your investing partner could be your significant other, but they don't have to know that.That way if difficult decisions have to be made in the future the frustration would be at "the investor" and not directly at you.

Also, trying to have a hands-free airbnb business seems to be especially hard. 2.Team Up with Experienced Apartment Syndicators:•This option involves partnering with a small group of experienced apartment syndicators to focus on acquiring and managing apartment buildings.

I’m trying to understand the terms of these construction loans to build a duplex and choose the better option ASAP. 

I would recommend reaching out to him to see what options you have.

Let the tenants know going forward all communication should go through your attorney.The other option is to get a property manager involved as well, but at this point i would go right to an attorney.

There are no seasoning options available.