If these funds have non-performing assets on their books, and LPs start withdrawing their money, the funds will be forced to liquidate their NPLs en masse. 

Make sure you get your hands on the historical financials and a current rent roll and perform a rental comparable analysis to determine accurate, post-renovation rents. 

You want to have a bunch of doors so your performing assets carry your others during the periods of time you've got issues going on. 

The third pillar is somewhat similar - you want to separate your operations from your assets.

Per Wake county tax page, 'Wake County performs reappraisals on a four-year cycle.

Hello-It is a SFR, 3Bed/2Bath; they just had their 8 year long tenant move out so fully renovating the place, new vinyl wood floors throughout  (COREtec performance plus), new kitchen -cabinets, counter tops, flooring, new SS appliances, 2 full bath remodel (showers) new paint (getting the gray tones) as well as paint exterior. 

You can lend to flippers or longer term stuff to landlords or buy non performing notes online.

Yes, we have recently purchased in our own names with a HML, performed renovations, moved into it and then refinanced with a conventional lender.  

PS, basing your choice of lenders purely off the quoted rate doesn't tell you anything about their performance.

One approach is to look for 2-beds that are larger than normal and find a way to add a third bedroom.