Building also has a commercial kitchen and laundry area.

Seller can substantiate that he paid the contractor far in excess of the work done, but I want to be preemptive on this if I can, despite the fact we can show the invalidity of any mechanic's lien from this GC were it to be filed.

You also are required to put 25%-30% down and larger reserves are required and the building itself can cause issues if it has vacancy ratios.

My CoC return in STL is 10% now that the buildings have stabilized, it seems like the buildings are appreciating at an acceptable rate, and I have a team that I trust there (realtor, PM, contractor, lender). 

The contractor usually provides the customer with a contract 

Contractors are basically sole proprietors which means the plan would be sponsored in your own name. 

It's a great way to build a cash vehicle that you can tap into at any time and the money will continue to grow for you even while you're accessing it.

You can do that as you build cash and your experience.

House hacking can also help you offset your living expenses and gain experience managing a property.Also, building a strong foundation is crucial to you success.

Are people building in the area?