There has to be an account in the middle for repairs, renovations, etc. and you want to know how that will be disbursed and if you need a workflow between you.If you decide to do it, just start small with an asset that is as close to can't lose as possible so you can fine-tune your collective process.

how is the process/workflow typically work for you guys?

You would have to improve the property (dramatically) at great expense to actual meet that definition and use it as a townhomes.

Cash Payment: Paying cash for improvements is often the most economical way.

Are you doing any capital improvements to the park?

While my insurance charges are relatively low each year given this is a condo, I learned to better assess who is behind budget planning at the HOA level for all of the units for roof, cleaning costs, basement improvements (shared by all units), given this was run well by one individual.

You'll be fine, especially if you're using additional equity contribution to improve the property before your refinance.

I've found myself more focused, and have come to the realization that while, the vast world of REI and improvement podcasts is a great way to find out what is possible, it does not work well for me to help drill down and take action, especially when this is an industry that literally everything could work.I'm excited to take this new "era" to BP con and use that as another launching point going into the Q4 and Q1, and ensuring I'm saying NO more than I'm saying yes.  

Agents may also have macro data on historical data, local median sale prices, absorption rate, etc to help with your analyses and projections.Networking/build a team: Attend local meetups, virtual meetups and stay active on forums like this.A lot of this will be done in front of a PC unfortunately but if you cut out the noise, you'll be able to maximize your time.Lastly, something that has helped me tremendously with respect to focus and improving efficiency is the pommodor technique. 

They brought their high-quality hospitality skills with them and the rooms listed have significantly improved over the same time period.