Being able to enter a property with only 5% down means you can leverage your money way more effectively as well.

(systolic pressure rising so won't get into that)And many less experienced individual investors in SFRs don't do as well as others and "well" means what could you have done otherwise.

I have a client in KC that does this for one of his properties where he enters into a "master lease" with the organization, so the org pays the rent to him (less risk to my client), and then the org handles getting the rent money from the tenants/their clients.

I like how even though you rent to the working class individual and they aren't $100K+ homes.  

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

The individuals I've met along the way that are really good at real estate are analytical, level headed, and disciplined.

I think this will work because this 16 unit will function more like 40 units with 40 individual renters.

I’m now venturing into new opportunities to expand my expertise and grow my portfolio.I joined BiggerPockets to connect with like-minded individuals, share insights, and learn from the incredible wealth of knowledge this community offers.

Is this because you had a PM with insurance for this kind of thing or was this a clause in your individual building insurance policy?

Key: cleanliness, keeping food contained and not leaving pet food out, exclusion (blocking holes where rodents can enter), keeping vegetation away from the building.If it becomes a serious problem or infestation, then call in the pros.