We sadly discovered that lending on a four unit property was a completely different ball game than lending on a SFR.  

You can do a nice rehab to your unit so it has your desired standard of living.

It is a pretty standard home build with minimal upgrades in finishes.

In late 2020, I discovered BiggerPockets and have been a reader/podcast listener since, trying to absorb everything there is to know about buying my first home that would also act as an investment property.

If not you need to add this to your standard bill.I'd they are irresponsible towards the yard then I would select option 2.Explain this to them and let them know they will make the decision based on their actions.

My thinking: If I can build 3 more units, get the rent that I expect i will and develop based on the budget ive researched- selling this property in a few years as a commercial property based on a 6% cap rate (which seems to be the standard for this condition and location from what I can tell) will be the most profitable way to capitalize on the house.

#4 Sharing Returns In Exchange for Less Work is Attractive to YouFix-and-flips and standard rental property approaches to investing allow 100% of the profits in your pocket.

Screening standards also have an effect on longevity.

I would hope that is a standard clause with distressed property cash buy investments.  

Besides, 10k is pretty expensive for a standard 3 ton mini split.