I actually had a meeting with a representative of my broker this morning and there are a lot of rules to be careful of when being an agent and doing wholesale.

So at the end of the day read the docs carefully, ask some questions and ask the sponsor to give you the names of a few people that have invested with them and ask what their opinion is.  

Most of the time ive had these small sections cut out and replaced with a pvc fitting.

Take care!

A lot of them are basically pitch fests rather than real networking and I don’t really care for the pitchfest (giving or getting) 

Maybe create a list of "needs vs wants" and see what you can cut out. 

Or a job you'd love much more and would be willing to work for 20 more years and take a pay cut in order just to not be an engineer anymore?

Lawn care, is it the tenants responsibility?

In addition, you're still going to need to meet the building code standards and might need a variance if you exceed the allowable FAR.Sadly, at least in our area "just framing in and dry wall isn't going to cut it.

At first glance it looks like the numbers could work, those unknown tax and insurance values are going to be important as well as deferred maintenance that needs to be taken care of.