I have a property ideal for conversion into a triplex with minimal renovation required.

It is hard to set up an out of state network as an individual because how much attention do you really want that agent or contractor to give you? 

If a partnership turns into a single member LLC due to a partner leaving, a new EIN is required but how would a business still keep the branding of their original name if creating an EIN requires a different name?

Investment decisions are highly dependent on each individual's assessment factors, period of time assessed, investment financing, etc.My current ROI is far far greater now than when first purchased. 

I could put the 3.5% FHA loan route but not sure if I want to deal with FHA requirements.  

Obviously they require electrical near by.

There shouldn't be any need to negotiate them as you would negotiate rent, they just are what they are, and the owner is required to provide proof of those costs to you.

Find out what their requirements are.

That's one of the ways in which those projects are able to provide services to a higher density of units...individual City services are typically not feasible for these projects because they won't meet City requirements for access maintenance etc.

So even if you can find a sponsor with the requisite experience you will also have to meet the individual property value requirements of the portfolio lender.