I will still be having other tasks in my owner/management role so this would be considered a job.

I will still be having other tasks in my owner/management role so this would be considered a job.

I will still be having other tasks in my owner/management role so this would be considered a job.

I'm considering partnering with someone to buy a larger property (8-12 units), I'd use it as a primary residence but not sure if the lower down payment would still apply in that case.

I don't know anything about your area, adopted zoning or codes and what's required but seeing as your project is much larger than ours, will easily be a multi-million dollar development and take a significant amount of time to develop, I would highly suggest you bring on a full blown team to help you through development.

On larger multifamily it could potentially cause huge issues so it is nice to learn on smaller deals.

My point was simply that if the "fair market value" is really at the numbers you have stated, then it appears to be a sound investment, even if there is a bit of time... or a few "extra tasks" in getting to that great cash flow spot.

I’m debating on selling my rental property (4plex) and utilizing a 1031 exchange to funnel the proceeds into a larger property (10+ units) to scale my portfolio, and retain some of the proceeds from the sale for future use.

Cost segregations are best for larger multi family and commercial properties.Sounds like you developed a ton of equity in this deal so your best bet is a cash out refi.

This was acquired as part of a larger commercial package and the property was delivered vacant and in broomswept condition.