As an individual with an FHA loanI appreciate any additional guidance you all have for me.Thanks! 

Bitcoin has no income, owns no assets, holds no patents... so it’s investment value is exactly zero.And you can’t short sell it so there’s no “check” to balance the system like stocks, REI, interest rates, futures.Early holders will make massive gains at the expense of everyone that comes in later, a Ponzi scheme without the decency to even provide us with a charismatic individual figurehead, maybe Hal 9000 we could say... 

I agree—most of these individuals aren’t paying taxes and aren’t typically aiming to own the property.

I think knowing more numbers, heloc limit, plans and objectives for future goals all should play into "what is best".

We have been in contact with other individuals throughout the state and they are all saying the same thing – prices are down, time to fill units is up, and evictions are up.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

We are already surrounded on three sides by urban zoned homes.My neighbors and I have been approached by two individuals, one is a neighbor who is a real estate agent, and the other one a friend of a neighbor, who works with a real estate attorney; both individuals asked us to join them in working with the 5-6 developers they have approached.

Each unit is individually owned, with some owners holding multiple units.A few things I’m trying to understand better:Pros and Cons: What are the main benefits and challenges of owning multiple units in a property like this with a condo setup?

Just another thought, they do have submeters that can monitor the individual spots and you could charge back the total cost to the tenant if they are assigned spots. 

SFD vs condo vs 2-4 unit, hold vs flip, turnkey vs rehab, passive vs active...it really comes down to each individual property/opportunity, what your goals with the property are, and if the numbers make sense or not.Best of luck!