I looked into PM services, and based on my calculations, 25% of my net cash flow is going towards PM (factoring their initial 75% one-time setup fee and 8% management).Also, there are no 1-bedroom apartments or condos in the block - only 1+ bedrooms available - not for rent but none present.

We are a full service investments and development company.

@Adeeb Shaheer you aren't going to get through this script with most agencies, particularly in health care Q1 is good to ask for health care Q2 for health care is typically 13 weeks so skip it. for other groups it is worth asking Q3 is typically no for health care, these days at least.

He goes all out for guest experience though, well above the average host with car service, butlers, constantly upgrading amenities.For me it keeps coming back to a simple fact:  to beat the average, don't be average. 

Typical deal would look like $850,000 for a 4unit with rents around $1500-$1600/month per unit in lower middle class area. 

--------------The rules regarding 401(k) loans can vary depending on the specific plan, but here are some general guidelines that may apply to your situation:Employment Status: Typically, 401(k) loans are available to active employees who participate in an employer-sponsored retirement plan.

If I am skimming commercial listings I am typically looking for property/projects that are listed 1.5 - 2 points above whatever the rate will be on my lending terms.

You have 12 months from death of reverse borrower or you need to write to servicer of the loan for an extension which gets you 24 months. 

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.

Also, the agreement specifies that if I buy a property through his service I'll be paying 3% commission in case the sellers broker doesn't split fees.