Start looking around at markets in your area and analyzing potential house hack deals to get familiar with the numbers.

The single-family home would allow more comfort, while the multi-unit would allow more potential cash flow. 

Does the 10% pref with a 50/50 profit share seem equitable given the project's scope and profit potential? 

That sounds like a solid plan but you would need to find a great deal with large value-add potential.

I should focus the proposal more on the potential interest opportunity vs the tax implications. 

Is banking on appreciation, refi (if and when rates drop) or potential rent increases wrong?

I have even seen these used by some of the largest brokerage houses in the country.My first scenario could potentially be underwritten as a single acquisition.  

Some major pending (and potentially retroactive) tax law changes made it through the house. 

It happens to be in SoBro so I think it has good potential but I am still weighing up the options.

Recognizing the untapped potential beneath the surface, I set out to forge relationships with both the sellers and the dynamic managerial duo.The key to this success story was my ability to be a problem solver.