So being modern in our approach to tenant management and communication will be an upsell. 

Professionally, I'd figure out what you need & build and then "save" (aka "not use up") additional land for the NEXT expansion versus utilizing it for extra-wide driveways & aisles.Also, is anyone helping you design this? 

I like your approach on plans for March.

@Daniel Dietz the Fannie/Freddie loans you are referring to are designed for 1-4 unit structures. 

so it's unclear who would be providing what but I doubt it is sufficient to move forward.As I buyer I would agree with the wait and see approach.

Sometimes it's best to keep in the original owner's name because the insurance is often cheaper if they've owned it for a while with no claims.Regarding paying him off when the balloon is due, I think the most common approach would be to get long term financing and pay your uncle off. 

The rate will increase ~4.75%The cost of refinancing and originating lines of credit, both out of pocket and financed costsIt may have been more beneficial to approach this problem by identifying the constants and the variables first.Albert you are also correct in that PenFed limits total financed properties to 3. 

Additionally, I worry about your approach as it really relies heavily on appreciation in those areas, which traditionally do not appreciate much. 

Keep that in mind when you approach and introduce yourself to a new agent.  

I am not well versed with this section of the tax code, but advise caution and due diligence if you decide to proceed with your strategy.The BRRR strategy is designed for rental properties.