Even multi families have super compressed cap rates which while is still a good defensive strategy, really leaves you with minimal margins (I gave up on commercials already since we’re seeing 5-5.5% which is ridiculous). 

You will likely continue to get about $2K more each year.I minimal amount, about $3K, can be used against W-2 if your W-2 is not too large. 

The market indicates that I can get $550-$575 for each unit.

I like an index fund where you keep a sell order in place at 5-10% below market value to minimize downsize risk.

Being licensed and maintaining that license is an indication that you are likely to be more serious and in it for the long haul IMO.

Current financing available, construction costs and how to reduce them, appraisal trends, best practices when building on investment properties, rental values, design trends, how to minimize the construction time, ideal target markets, which city's DOB's are helpful and which aren't, preferred vendors, etc.

My question is the lease ends in May, I believe 2 of them have indicated they want to renew their lease in August i.e. after two months.

Some background on this: This follows the tiny house/minimalism live style.

Which is why it sounds like a dodge, but is indicative of a lack of trust (perhaps for a good reason). 

I just picked up a (2%+) deal last week that needs minimal rehab.