First and foremost I'm looking to find a partner, that way we could pool our knowledge and resources and find a good deal, as for the location of the property, I'm hoping to find a small multi-family in SLC proper, specifically The Rose Park area.

Make sure you get with a title company (or a fellow investor) to help you draft the documents the proper way but the sky is the limit here.

Being a GC, Property Manager, and Investor myself, I can tell you first hand having the proper team in place is crucial.  

Anyone who owns apartments or understands everything involved could please message me to help me make sure I do everything properly, so I don't screw myself when investing in a potential apartment complex I'm looking at.

Proper notice should be given to the tenants already.

For longterm rentals, some things to know are, how to calculate affordability of an area (a function of median income, interest rate, median home price), look at migration patterns (are people moving into or out of an area, what are the trends), business climate (are businesses moving to the area or out, what type of industries, income level, etc), rental amounts,  that's all I can think of at the moment.I wish I would've known more about evaluating markets when I bought my first few properties. 2 of the first rentals I bought, went absolutely no where when I finally sold them about 17 years after I bought them.

(We have an IRS lien that will be paid off in four years and I am pretty sure that could be worked around.)My wife is hell-bent on being able to "burn the mortgage" as soon as possible and is resisting refinancing with a $30K cash-out to drastically improve the functionality, curb appeal, and comfort of the home we've lived in for 35 years.I feel we should do the refi, make the house new again, and enjoy where we live. 

My provider offers:- Guaranteed Replacement costs- Replacement costs - Functional Replacement costs- Actual Cash ValueI believe Replacement Cost policies cover more than Cash Value.  

Yield is a function of risk.

Yessir, @Ryan Herting thank you, an HML/private loan functioning as a bridge loan, yes, that is my question.