Can you stop by the property to check in every now and then (and or) have someone who can do that in your absence?

If he offers to charge you a lower interest rate, accept it graciously.You are only paying him interest on the money borrowed.

Hard Money Lender: Your family member could charge you points up front to borrow the money with a fixed time frame to pay back, example six months, but the HML is amortized for one year.

I'm doing a 1031 exchange, so the net proceeds are 423k, and I also had a mortgage of 368k left, so I'll need to borrow at least that much to meet the requirements of a fully deferred exchange.

So you'd pay tax on the $70K but shelter whatever remaining gain there was in the 1031.You can borrow less money and put more down. 

At that point in time you can aford to stop caring.

I actually work pretty close to Morristown so I'll try to stop by on Thursday

Since then, I've been listening to podcasts non stop, browsing through forums, reading tons of BP articles, and scouring around for reading material (REI & business books). 

As you drive around town, stop every time you see a porta-potty at a significant job site. 

the other question about building a 4 plex, borrowing the 240k to build it @ 4% 30 yrs about $1600 piti, if my figures are right, making about $200 a door, is this a good investment?