After 3 years we had acquired 3 duplexes and one triplex with 100% occupancy and clearing close to $2000 a month. 

It's also convenient that you live close to the property, which allows for easier management and oversight.As for financing, I understand that your bankruptcy in 2017 has posed some challenges for securing a loan.

Do you have to start making payments right away when you close or do they give you time to get the construction complete?

Its a 4 to 1 match on your down payment and you can get up to $22,000 free (you bring $5500 to closing). 

Doesn't have to be perfect, but it has to be close.

Looking to partner with with more experienced investors or surround ourselves with folks with the necessary experience and/or skill sets to find deals secure necessary funding as needed to close. 

Basically, i think all i need to close the door the Bedroom to the kitchen area, add an exterior door, add kitchenette, and possibly add its own electric panel.

Mike,Sounds pretty close, but I maybe add a tweak.

Ie. does the seller need to be in, or close to, pre-foreclosure, or in a tough spot?

So if youre planning on buying close to downtown, I would buy as close to downtown as possible, especially now because it is a buyers market.