Hi Adam,I would recommend paying your Contractor's on a Payment Schedule that is broken down by Category.I typically create a detailed Scope of Work for the project that is broken down by categories (Demo, Electrical Rough-in, Plumbing Rough-in, Drywall, etc.). 

Message me if you would like more details. 

Stating that you want to purchase 25 units in 5 years is a worthy goal, but we need more details. 

When you get a chance please send the details my way for the next one scheduled, either on this thread or via direct message.

Seems like a smart investment given that >60% of this area rents vs. owns their residence. https://www.washingtoncapitalpartners.com/real-est...I've been using the above article to guide my research, but want to start digging to the next level of detail. 

Biggerpockets won't allow me to post my contact details on here.

I am just wondering if the preapproval process is basically like an IRS audit where they check every tiny detail.

If you need more details send me a PM.

@Enrico MarianiNot sure with the local laws are like in your area, but you may want to call the Department of Health, the inspectors office, or maybe just overall town hall.

At a quick glance without any detailed numbers, it looks like you should probably cash flow if you kept the property.