(the music and the exhaust odor if they cook need to not effect the residents).If the Bar is quieter the soundproofing job will be easier.Good Luck!

It is no different than an attorney being held to a different standard in court. 

You need: 1) a solid, foolproof way to estimate so you actually make money, 2) a comprehensive and exhaustive Scope Of Work, 3) a good looking Proposal, 4) a legal Contract for your state that protects both you and the customer, 5) Change orders that document both cost and time increases, 6) professional invoices and receipts, 7) all the appropriate lien releases etc.Actually knowing to be the perfect carpenter comes a distant second......

Assuming 600 sq ft apartments:Lighting 1,800Small Appliance 3,000Refrigerator 1,400Microwave 1,400Stove 12,000Heat 5,000 (assumed)(A/C not calculated since smaller than heat)(Assuming no disposals, exhaust fans, or other built in appliances.) 

Typically a private loan will be much shorter term and a far higher rate than an investment mortgage.

When you convert from primary to investment it does give you the opportunity to take out another primary loan at what are usually more advantageous terms than an investment grade loan.If you've lived in the property for two years you can actually turn it into a rental for 3 more years and when you sell you'll be able to take the first $250K ($500K if married) of profit tax free. 

I know I can always bring on partners to get the loan, but I want to exhaust the access to private money idea before I go that direction.

Try these tips: Propose a specific date, time, and location, rather than an open-ended invitationCommunicate your high-level ideas on how you might be able to work togetherPropose meeting for lunch or a drink.

I have a four unit multi-family property and aside from a window in each of the bathrooms there is no exhaust fan.

We can scrape together the 20% downpay, but it would exhaust almost all our savings, allowing us to lock in the current 4% 30 year mortgage.