Hi Adam,If you hold a license and have been through the purchase process before with other agents, I personally would be open to doing it myself (I am also an agent and have done this very thing).

We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth. 

My main concern, being my first rent increase, is the attitude/personality needed for such a task.

As far as financing - I personally like the local banks.

The common area language should dictate that personal items are not stored in common areas, it may also address maintenance of those areas, but you will need to amend it to address outdoor furniture and grills. 

Have you seen the completed home in person? 

It's much if you can see the property in person. 

Maybe you can personally inject the $89,000 into the project even though it is not in the budget.

I would do FHA 3.5% and keep the rest in the bank. 

You may want to try a local hard money lender for these property types and a local bank for the refinance.