The 5-10 unit multifamily is a pretty distinct financing niche - most options outside of a traditional bank or credit union will likely underwrite it based on the asset not your personal income

Suffice to say, the analogy is doing a paint job on a unique car - but leaving the mechanicals in place without addressing reliability. 

I am currently looking at purchasing a SFH with the intention of turning it into a top/bottom duplex and here's why:1. I have already talked to the city and they are fully on board and are excited to see more housing ...

We are in a bit of a sketchy market, and it's probably going to get worse before it gets better.This means be patient, get educated, pick a niche, pick a sub market, and be very picky with where you deploy that capital.

Hey @Eddie Ibrahim this is a unique question that probably requires more than quick answers.

It boasts a unique set of historical buildings, beautiful beaches, and many wonderful restaurants.

We are not doing 10 flips at a time so we can work on a somewhat unique for each property approach.As far as having mood boards, we have done that when we find a style that works so we know where we found what and can recreate the look easily.As far as hiring a designer, I would say unless you are doing a lot of properties, you can better spend that money elsewhere.

I think I would recommend you really pick a niche and stick with it.You jump into Texas for a "slam dunk" but then find out it's not a slam dunk, which indicates you aren't quite prepared to determine what constitutes a good deal.

I realize its a newer concept and may not be in all markets, but the thought there would be to have the guest go there and give them a unique code to grab the key. 

Seems like you already have experience, a niche, and a client base...