Ground-up small MFR construction rarely makes economic sense due to high land and labor costs.

This would be our first purchase but perhaps down the line we would accumulate 2, 3, 4 properties (so maybe answer depends on time frame)Also, if one of the members if THE key operator, is their a way to get the economics to work, or would you expect equal sharing of profits (i.e., 33.3% each)? 

I was worried that Trump's new policies were going to affect it, but it has been more than 2 years since he came to the presidency and it's still looking like a bright future (New policies, fiscal and economic, are usually felt on the economy after 2 years of being set). 

He refused to go check up his health for mold. 

Just make sure to consult with a couple of septic contractors as well as the local health department or environmental services division of the city or county to make sure you have all permits and fees accounted for.

A thing I’ve not done but I think has merit for risk mitigation is to own a variety of kinds of properties and own them in more than one economic region. 

it can be easier it seems to take advantage of some tax breaks if you have them, like owning your vehicle and even buying health insurance for employees if you get big enough. 

While I like not having ALL of my eggs in one basket, it is more economical to just use one basket. 

It seems like your tenant is a reasonable person who understands general economics.

It could have been some Wikipedia, some City Data, I think I looked up crime stats, also looked up some economic data for the city, county and state.