I'm in Indiana, a completely different lending market, but my gut says that your blanket loan will be a commercial note.  

The income is the same, the difference is how hard you work to achieve it.Parting thought, I also purposefully lag the top of the rental market in my personal portfolio...if a property I have owned for 4 years was rented at $900 and has a good resident then even though the value of that property may be $1250 I am still going to put this specific resident at $1050 so both the resident and my portfolio are winners each year and we have incentive to keep it that way.

After a few months you will see things different and notice change. 

Every market is different

You can do this with a few different contractors for each trade.

How would someone approach analyzing it and what are the different things to consider? 

But I've found that making time for hobbies can seriously make a difference in how I perform.💼 We're all about putting our best foot forward in our careers, but let's be honest: burnout is real, and it can really mess with our heads.🎨 That's where hobbies come in clutch!

You can spell out all of the different scenarios that may occur in the operating agreement including splits and ownership.

I recently saw a handful of properties in all different conditions that were all north of 62.

I know markets are different than when the book was written and I do not know fully about the market today so it does put things into perspective for me from a person who is actually in the market right now.