Also, some of these investors plan to move here themselves and want their investment properties positioned in the State they plan to live in.  

We have private investors (passive), a contractor (equity partner), lawyer (equity partner - still looking), and a financial advisor (equity partner - still looking).

If it produces more energy than it consumes then the building is Net positive - though Net Zero is too frequently used as a blanket term to cover both these cases.Ironically, Net Zero does not automatically imply higher energy efficiency - there are several examples of commercial buildings with large expanses of flat roofs (i.e. warehouse) which are net positive, despite the building itself being horribly inefficient.Building standards in North America are woefully outdated on matters of energy efficiency.  

What's the total debt and total equity?

Brian Egan Are you thinking about using the investors for debt or equity?

After my positive experience using an agent and going off the MLS and my negative turnkey experience I really am down on turnkey now.  

 :)For low $$ deals I suggest marketing for low equity nice home sellers then offer lease option or subject to to control the property.  

That additional equity (the 50k) is now in your pocket and freed up for you to invest in the next deal.  

Is the initial negative cash flow ok to overlook knowing I can cover the difference AND that the deal will eventually lead to positive cash flow in excess of $100 each unit per month once I re-finance and move out of one of the units?

It is possible to over pay on the purchase and yet have a high ROI say... 20% with higher cashflow which would make it underpaid in a sense Ex: Home1 50K BELOW market cashflows $400/mo 12%ROI / Home2 100K OVER market cashflows $1000/mo 19%ROI......... just know that your probably not refinancing anytime soon and that equity is off the table for now.