At that point if they did want to steal them they would have to draft up a clean set, and depending on the scale of the project find some architect to review and then stamp them for a fee (I don't know many architects who enjoy this sort of thing but people have rent to pay). 

Note:1) We cannot renovate the house to more than two units because of zoning laws.2) We're looking for a short term boost in rent to just feel that this whole thing renting this is possible.3) We're looking for a scaling strategy to get as many properties as possible.

Starting out with your first rental allows you more flexibility, the more units you scale it would be wise to have a more thorough and consistent process.Cash:  Most people will advise against cash because it's hard to track and inconvenient.  11% of American's don't have bank accounts though, sometimes this might be your only option. 

I know that partnerships are a way to scale faster, but they also carry a certain amount of risk. 

No way to scale with no money.  

Some residual cash (prefer not to use any more of my own money or at least minimal), trying to scale up .

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability by implementing common area improvements and upgrading amenities• Add substantial value to the property by upgrading unit interiors and increasing rents to market rate• Improve the resident profile and stabilize occupancy and collections• Increase income, hold for cash flow for several years and sell as renovated, stabilized asset when the best exit timing is achieved What made you interested in investing in this type of deal?

The strategy that attracted me to the deal was to add value with professional management; the GP brings an in-house property management group with scale in the area.Other strategies:• Enhance curb appeal and desirability • Add substantial value to the property by upgrading unit interiors and increasing rents to market rate What made you interested in investing in this type of deal?

Lot's of restaurant operators are stuck working in the business instead of on it unless they achieve scale with lots of properties.

They will be scaled up slowly as each tenant moves out.