@Charles CooperGC is pretty broad and the learning curve/liability might not be worth the hassle.

Hi,What is the best place to invest in Apartment/Multi family in 2017.I know this is very broad spectrum... i am looking for... area with...Good Cap Rate 8-9%Stable growing economy

This is very broad based: Assuming you rip off the the upstairs attic area and do a full dormer, probably around $150K-$200K.

Your terms are a lot more broad and open for negotiation.

Yes on most Accounts, thank you for the broad range of information you have provided the forum.Gordon 

However I've found that for people at the lower end of the rent spectrum they really appreciate having one bill each month.

What you are describing is very broad and open to interpretation.In general finishes are the last items like cabinets, tops, trim, flooring, fixtures, hardware, etc but again anyone can define this however they choose.At this point I would look at the total project cost and determine a percentage of completion and go from there.

You probably know that there's a notion in Architecture that architects should be broadly experienced and diversely skilled.

In this case, a separate Memorandum of Modification (or whatever it’s called in your state), which broadly tells the world that the loan has been modified but with no specific details, would be notarized and recorded.Your lending attorney could tell you whether anything should be recorded and how to deal with any existing subordinate lenders.

I know that every city/market has it's pluses and minuses, but I'm just asking for a broad stroke assessment as to the areas.