I'd take a hard look at any real capex projects as mentioned above (plumbing, electrical, structural) otherwise looks like a good BRRR project.  

@Jay HinrichsYeah, its just a LO assignment structure.

Short answer: There's not much of a difference unless you have a separate entity holding the properties.Longer answer: There is some additional flexibility in how to structure a commercial line of credit. 

The note can be structured as secured or unsecured. 

I have walked all 4 units and plan to have the basement inspected along with a structural and termite inspection.

Hey All, Here is what I learned about funding / structuring deal for multi - family, would love to know any other way people fund / structure their deals:Downpayment (your own money) + commercial loan - No SEC involvementDownpayment (partners money) + commercial loan - No SEC involvement, partners need to have specific roles defined so that they dont get categorized as passive investors Downpayment (passive investors money, preferred returns) + commercial loan - SEC approvals neededWhat are other basic ways to fund a large (> 5m)  size deal

Structural repairs are not allowed, such as room additions, foundation repairs, etc.

Hey All,Here is what I learned about funding / structuring deal for multi - family, would love to know any other way people fund / structure their deals: Downpayment (your own money) + commercial loan - No SEC involvementDownpayment (partners money) + commercial loan - No SEC involvement, partners need to have specific roles defined so that they dont get categorized as passive investors Downpayment (passive investors money, preferred returns) + commercial loan - SEC approvals neededWhat are other basic ways to fund a large (> 5m) size deal

The washer and dryer would go in the bathroom as there are connections available there but the house purchase didn’t come with them. 

I've owned it for a couple years, but I know the land is being drastically underused- I want to develop it.To start, I need to determine if the development will be a multifamily structure, retail, or more of a warehouse with office space.