A commercial loan right now is 70-80 LTV (depending on what it is used for, and by that I mean if it is cannibus related it is a 50% LTV),  around 6% (if you have a 650 or above), for 15 years (this could vary).   

Briefly, if borrower doesn’t qualify under the Home Possible program with 95% LTV, then the following LTVs apply: for OO (owner occupied) 85% LTV for a duplex and 80% LTV for a 3-4 units, on an INV (investment property) LTV is 75% for all 2-4 units. 

The problem that we are running into is funding the renovations.

I will be doing the footwork this week to find out what zoining regulations exists, construction limitations exist, permits needed, and most importantly what funding is available.  

You can get 85% LTV on non-owner occupied through Fannie Mae and last, you can get chattel financing for anything that is not permanently attached such as homes in a park or on leased land.  

It is at the end of the day a very personal decision but I would recommend it since it'll help raise your income and help fund your dream of becoming full time in real estate sooner.

Have an agreement about how to split the escrowed funds if someone redeems before anticipated.

My brother and I cashed out of our 5-plex in Ballard last NOV and moved our funds to a property in Boise, ID. 

I've secured funding for single family investments, but have yet to pull the trigger.

Either into another property or in the index fund like you’re talking about.