If I rent to travelers I will need to have it fully furnished, which I estimated would be another $10,000 to $12,000 when you figure everything from wash clothes to beds and couches.

I will be looking for the best mold professsionals to give an estimate/identify the cause.  

It got me so far and I was able to accumulate some MF assets using this approach.

Add the estimated cash flow from the future multi-family and the lower cash flow from the current property after the refi and (presumably) higher rate.

Rough estimate is about $9,000 remodel.I plan to hold these properties for the long haul, at least 15 to 20 years, unless I do a 1031 exchange into something bigger/better. 

Hopefully after a few years, from all the savings, cash flow, and depreciation you'll start having higher down-payments and start building your portofolio both ways: as owner-occupied and investor and accumulate properties faster!

Well, with no money you'll either have to find a partner or wait to accumulate funds.

Anyone have good contacts I can connect with to discuss potential project designs and corollary estimate PSF construction costs in the current market? 

It's also important to estimate repairs correctly.

@Michael CavitoloUse the FHA loan to buy the best 3-4 Plex you can and live in it.An example I recently saw someone do.Price280kConcessions2% of closing costsVarious small repairs $700Roof repairs $1650Cash to close $4500Renovation costs estimate $9000 (if you do the labor yourself) ($23000 if you pay a contractor)Setup4 1 bed 1 bath units Current rents $500 ea unitMarket 750-950 depending on renovation levelInterest rate 2.325%!!!!