My friend/advisor with more experience says I am being a cheap knucklehead and that the $20k is not relative when you factor the forced appreciation and income/valuation of the improved asset(proforma), but, I think it is math and $20k is always relative and I have my criteria(4.5cap) and was very transparent about it from when I first submitted the original accepted offer, and my DD uncovered several hidden deficiencies that make the credit necessary to maintain my original underwriting numbers and even though I understand my friends rationale, I don't want to give in any more slack(adjusted to 4.4cap), than I already have...What do you experienced multi family acquisition people think?

I own very nice, rehabbed SFH's and I'd like to work with a company that will ensure the homes are well maintained.

That way you can maintain that equity in your home but continue to leverage it for other properties.

humidity is also a thing, it's common to see dehumidifiers in a lot of these older basements to keep the crumbling and dampness to a minimum.2.) read up on 4D and Section 8, so you're aware of what's involved when properties are participating in those programs.3.) st. paul calls their rental license a COO - certificate of occupancy; maintained by the fire dept. 

They are often abused, particularly when they are shared, and can be expensive to maintain.

If no money invested then you are just studying and plan to invest.If you have given money to someone connected to this land purchase/investment, then you should have some paper with the terms of your purchase.   

When the landlord fails to maintain the property, the tenant is no longer eligible for assistance at that location because it does not meet PHA minimum requirements, so the money gets cut off.

But you also obviously do understand that when you own an asset, it's always a wise idea to learn at least the basics about that asset.One of the most basic book about the basics of how houses work is called How Your House Works: A Visual Guide to Understanding and Maintaining Your Home by Charlie Wing.

@Christopher Lombardi as Shafi mentioned, it will depend on a number of factors.The risk will also depend on the nature of the project, the experience of the team, etc.Are you also expected to maintain a certain amount of liquidity through the term of the loan?

If that is the case, it is unlikely that the bank will be interested in maintaining the note, even if you caught up on payments and penalties, and I don't believe they have any obligation to do so once they receive that judgement.