I thought it was appropriate to ask the question with it being Thanksgiving. 

What you gotta wrap your head around is that nobody gets rich without taking action & an appropriate amount of risk.  

His equity contribution should earn its appropriate return, and his GC work should earn its appropriate profit. 

Of course, in an appropriate case and subject to the new limitations in the TCJA, you could carry forward NOL's or suspended passive losses, excess long term losses, excess 179 deductions and the like.

That is AFAIK, the best way to get the best price and most appropriate policyAFAIK, an Umbrella policy sits on top of your other liability policies and only comes into play if those limits are reached. 

I do plan to buy a second MF quickly after the first so I appreciate the advice on conventional vs FHA and when appropriate to use one vs other which I have started really looking into options with credit union vs. different lenders as well.

If funds Re short, You can call the local bar association and see if they have a service where you can talk to an appropriate atty for x min for a reduced rate. 

Be sure to give the appropriate notice to each tenant.

If this is not the right forum for this topic, which one would be more appropriate?

Also, be sure the property tax figures are appropriate for what would be held as an investment property.