My first question to you, have you ever done a job of this size before?

It was a small loan to begin with and the interest portion of the payment at this point is around $20. 

As a flipper it wasn't about portfolio size it was about deal flow. 

So, I outsource that portion of the equation.

Interesting follow up to this post is that Blackstone is selling 1300 homes, though that is just a small portion of what they own here, and looks like they are probably just pruning off the bad ones.

I had started planning to do a consignment store online for plus size women but that fell to the wayside a few months back.

You could have an attorney draw up a promissory note that your father signs (keeps things from getting difficult if other family members are involved), and then put the money into the renovations with a commitment that you receive a portion of the upside for helping....everyone wins!

Multi-family properties are the best for buy and hold in Bakersfield because the price per square foot is lower then a comparable single family home (so they are cheaper to purchase) but you end up getting a lot more rental income because instead of collecting $1000/month on an average sized house, you collect three monthly rents of $700/month for an average sized unit in a triplex.  

The law portion was certainly worth the price of admission as the instructor is himself an investor and knowledgeable legal opinion on Real Estate investing in Delaware. 

For your 6k per 4 unit capex what is the upgrade level and size of your property?