Throw it in a savings account and call it whatever keeps you from spending it.

Your investment must throw off enough cash to support itself.

My alternate exit for this (in case things went poorly) was refi into 30 yr fixed and throw a tenant in there. 

Really, creative financing, like buying 750 K in land, getting the seller to throw in development funds of 150K, then buying me a new truck and giving me management with a golden parachute of 40K a year for 10 years......really?

These politicians are idiots and I fundamentally disagree with the red tape beuracracy they put on entrepreneurs and investors.That all being said as a value investor who's in this for the long haul I can adapt and adjust to anything they throw at me. 

The margins are a bit slim IMO to throw all your savings and family money at this thing. 

You could have 100 doors in a low income area where rents are 350 a month or have a much nicer area at 50 units at 1,000 rent per door a month.One throws off 15,000 more gross expected income a month for half the amount of doors to manage.

Sit down with the guy and let him throw out a number before you do.

I will be armed with one gun on the hip and one under my shoulder and hell I will even throw in the ankle pistol I have.You are clueless.

This is why I'm asking these questions - I've definitely new to all this and want to be prepared with what he may throw at me.