Even when we try to simplify by going through County versus City, there are still nuances that you'll want to make sure you cover before you move on your decision.   

I'm getting back into lending and I've had a recent offer for a loan as a second lien position.

Beware when you're putting in an offer in a western state.  

If I need to be present by state law, would a property manager be able to represent me in my abscence if my attorney there? 

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

The property is one of 3 that was a part of a bigger property owned by the neighboring family that got split, we purchased this one from the neighbors' brother.

While right now only 2/4 units are occupied, there is still money coming in every month instead of having to foot the mortgage by myself completely.

Supposed to be out by 8/13, but they aren’t yet.

You can also do more projects at once with the same pot of money, e.g. bringing 10% or 20% of the purchase price and getting 100% of the construction covered by a lender. 

Certain wording can protect you from a squatter otherwise you get more generic that won't offer the protection.