I would certainly work with a local lender in your area so you can interact and find out what loans are best for you.If you are looking for a multi-unit property make sure and ask these questions:Do you use rental income to help me qualify?

Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

I will be increasing the rent and anticipate the tenants will decide to move due to the increase.

My goal is to take the next step becoming a resource, as well as learning and interacting with my fellow BP members.

Also, it's always in the back of my mind that most people I interact with have an agenda. 

With the work that is being put in we anticipate a nice return on appreciation.

If you had a big liquidity event and want to play the waiting game between Uncle Sam and Father Time, it’s a good option and you can get some really nice institutional quality real estate for pennies on the dollar.In ZCF or ‘zeros’, you can structure a pay down readvance feature that unlocks some basis, and with the right debt product and structure, you can actually break out your bad basis in the form of a loan and be net positive for your anticipated tax (phantom income / income tax) carry for the next several years.

We anticipate it will appraise for 210k ish (ARV).

I would anticipate having to pay for all of these repairs in the next 5 years.Third, the seller advertised the building as a 5 unit (4 apartments, 1 commercial office space.)

Renovations could easily cost more than you're anticipating.