It makes the dialogue more between the two members rather than with the whole membership (unless you take extra steps to click on every triangle).

For the 4 plex you are spending an extra 80k in renovations (I question your 110k renovation number to get to 4 units - this could be low but I don't know the square footage or layout).

If interest rates fall later, refinancing again might require you to bring extra funds to the table, which could impact your overall investment strategy.

Right now I'm just looking at properties all over the place learning how to analyze a property etc but as somebody that is looking to make their first investment, i want to avoid if possible the extra outlays that can potentially come with an older house. 

But… we already had that requirement; houses with four or more bedrooms have needed an approval for extra bedrooms for a few years now.All that to say, I’ve been watching it closely and even I have no clear answers on what’s what.

(Just don't tell your lender that you are going to do that) The umbrella policy is an extra layer.

You can build a team and people do, it takes time, mistakes, and extra money.

Do you have extra space on your property for other storage? 

You might find that they could charge enough extra rent to pay for themselves.

May be worth the extra cash on hand and leaving it in the deal.