Keep in mind that even if you do everything perfectly there are variables that may come up.

I quickly made an account because my partner got tired of me asking her to post questions.My question is: Currently, we are not required to build to ADA standards, but our unit is perfectly set up to be ADA accessible.

On an 8 plex, there isn't much meat on the bones for the amount of work needed for Management, but when you factor in an additional 24 units, that starts to benefit the PM, so there is more room to negotiate.Initially, the cost of PM outweighs your returns. 

This takes away the unrealistic expectation to meet some made up metric.Flipping presents the perfect analogy: in any market either the front end or the back end is hard.

Then find the perfect balance for your situation. 

Tenant shall not allow any sweepings, rubbish, sand, rags, ashes, bones, grease, or other substances to be thrown or deposited therein.

Identical situation happened to me so I went to a new lender 2 weeks before closing and everything went perfect.

As others mentioned, look at what other debt you have and make sure the highest interest debt is paid off first.In a perfect world, you'd figure out where your money would make the biggest bang (ie the most money) and put it there whether that was a paying down a mortgage or investing in something else.

The price point is perfect for our industry. 

Perfect brother, great to meet you, I would love to connect, just sent you a msg!