(With invested capital, this matters, plenty of people are worth "taking a shot on" in other capacities, just not with respect to managing my money).2) "Is this investment where I'm giving you money the top priority in your professional life?" 

On top your due process, my advise is to trust your gut when vetting tenants.

Check out all of the helpful forum posts and resources on here relating to Cinci real estate. 

Some Instagrammable indoor-outdoor carpet, chairs, and umbrellas, and you can take it up a notch for less money.  

The only reason to look into franchises that flip houses or do renovations pre-sale is because you have existing business that you could leverage on top of this to add more clientele.

When relying on LIHTC to make the deal pencil, yes developers wait BUT only if they have the resources to wait and only if the property owner is willing to not close on the property until the project is fully funded.

I'm more concerned about the drip-edge/ flashing on top of the roof.

You are forcing yourself to save more because not only you are paying the same mortgage payment as before, but now in addition you are paying the interest of the HELOC on top of it.

.: I am writing this review to express my profound disappointment with James' mentorship program, particularly regarding the conduct of one of his top students, Kristin Witherspoon.

First priority would be to market and sell this for top dollar.