Do any of y'all more experienced investors have any recommendations bases on our circumstances.

I would love to learn more from experienced veterans and meet partners to work with for the months and years to come.

Very Knowledgeable&experienced in Michigan market, prompt response, and will not sell you anything for the money....Mortagage Loans: After benchmarking over 50 mortage banks.

There are going be times you get smoked and you want to just cry but it just taught you a lesson of what not to do next time.....As @Bob Floss II and @Jeff Burdick mentioned I'll look to sell the property ASAP.Dont listen to these other people such wholesalers(who normally give incorrect ARVs) and have a really experienced realtor provide for you solid tight sold comps.

I would go through everything and have your accountant review the financials as well.

However at 6' I am able to stand in the majority of the room space without worrying about hitting my head.If there are question I am missing I'd love to get some more experienced landlords opinions.Also, if you have any input on how many bedrooms can be added to roughly 500 sq ft (1 v 2) that would be great.Thanks in advance,Brian

Unless you are super experienced and have crazy deep pockets you may be in for a lot more education than you ever wanted.

Yes some of it is their properties have gone up in price to equity, some of it is they have paid some things down, and some of it looks like retirement planning as older more experienced investors move towards retirement and seem to value cash flow over numbers of doors.We personally like moderate leverage, but we are starting to think in terms of slightly fewer doors that are paid off in 15 years vs having as many totally leveraged properties as possible.

Yes, you can get the property under contact with a period of time for an attorney to review Title.

Review their management agreement.