You should also purchase double pane windows for energy efficiency as well.Fixed panel windows this size will be special order (not stocked at box stores).

We added energy efficiency by adding LED lighting, insulation, double pane windows and central air/heat.

A super easy step to ensure your HVAC lasts its full life.

If I proceed I will send you details I have but it looks like I am leaning  more toward the equity side as the debt fund would treat income as interest and is not very tax efficient. 

@Michael Cote, I’d expect each of you may have to sign, ensuring you are each responsible for the debt repayment.

I'd ensure the foundation guys follow his/her fix to a T.

Get your judgement to ensure that you get paid before those folks can get a new apartment, car, phone, and more.Have strategies in your tool box ready to go. 

Still working on the outcome of a more efficient home with lower utility bills and design-friendly with minimal stairs.

Having family involved sounds great but project managing can be daunting and I would pay a 3rd party person to ensure things are truly done correctly if you are trying to find affordable contractors. 

I know the different in mortgage and expected rent is about 450$ and I know I need to put aside a decent percentage of that for repairs, vacancies, cap ext, etc...Basically, I'd like some suggestions on how ya'll would keep tabs (numbers, metrics, etc) on this property to ensure that it generates positive cash flow and doesn't turn into a money suck.Thanks in Advance, Charlie