I do understand that the interest rate is typically lower for a 15 year mortgage, but if you can afford the note on the 15 year mortgage, you will actually pay the debt off faster by financing it on a 30 year amortization schedule because each payment would be an overpayment due to the lower monthly payment requirement for a 30 year mortgage.  

I feel it would be an interesting profession, such as REI can be.

Trade fixtures are all on a tenant.Interior walls dividing office space can aid in the marketability for future tenants, dividers for coffee/kitchen area, waiting area can improve the property if nicely done. 

With a hold-out issue, as long as there is an odd number of Partners/Members, there should not be an issue.

So what do you guys think, I don't want to be carrying another property for 30 years with an FHA and private money rehab, but would offering the finished product as lease option be an attractive exit to any of you guys?

If anyone is interested in getting coffee or planning a time to meet, it would be much appreciated!

You always hear this but I have never seen it be an issue.I got a loan on an rental condo several years ago in a 19 unit building where I believe there were 2 different owners that had 2 places (and none of those were owner occupied) so they both were over 10%.  

As I see it, landlords can be an asset to the neighborhood, or they can suck the life out of it.

No Guarantee what I suggested will avoid them calling you out on it, but anything less than that will probably guarantee it will be an issue.

The roof however, was completely replaced in 2013 with one layer.This would be an FHA loan with me residing in one side for at least a year and then moving out and renting both sides.