By emphasizing your qualifications as the basis for your decision, you steer clear of potential issues related to discrimination.

I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.

Quote from @Timothy Newsome: Hello, looking to potentially use a hard money lender in NJ.

There's a lot of timing to consider, and honestly, this potential first cost segregation will be a learning experience for us. 

Aims for a balance between cash flow and potential appreciation. 

If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.

@Kyle Cross, correct me if I'm wrong, but I think maybe what you're getting at is potentially pitching to your parents that you would like to take a shot at personally managing the units to gain experience and some form of compensation.

I am foreseeing a bit of a push back or even turned-off potentially decent tenants by the $50/pp screening fee, mostly for a family of 4 ($200 out of pocket).I was wondering if offering a credit of either 50% or the full 100% of the screening costs from the first or second month's rent is a good idea.Thought?

And there are still deals here that cashflow and have appreciation potential at affordable price points. 

But if you're able to figure it out and get it built, you can rent out the units and essentially BRRRR it and pull some/all of your equity out to repay your debts, yourself, and potentially keep the investment cycle going.