So, being a passive limited partner (LP) might align better with your situation, saving you from potential liability coming from the investment or asset. 

Here are some considerations:Higher Initial Investment: Multi-family properties are generally more expensive than single-family homes, requiring a higher down payment and potentially higher financing costs.Management Complexity: Managing multiple tenants, leases, and potential tenant issues can be more complex and time-consuming.Local Market Demand: The demand for multi-family units can vary significantly by location, potentially affecting rental income and property value.If you are more interested in Class A or B properties and have a less cash flow-dependent plan, residential properties can be a simpler place to start.

I’m excited to learn from everyone here; I’ve already picked up on some priceless tidbits.In the meantime, I have come across a potential investment opportunity on a property that I wouldn’t have time to rehab.  

This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance

It's smarter to know your market and potential buyers before committing to a property.

Also not sure why anyone would redeem this property as they would then be liable for the 2nd position lien potentially, whereas they could just by it from the first if they sell it free and clear.

I should probably give some highly corporatized reply or something, but honestly seeing Alan and Kirt's names drawn into a public forum is hurtful to me.

In what way do you possibly think your property could hurt someone without it also being at least partially your fault?

Don't hope, speak with an accountant before you get the cost segregation.You don't want to spend thousands on a cost segregation that may potentially not help you.Best of luck.

Your setup seems pretty solid with the note purchase agreements, but it never hurts to explore new options.