Regardless of that degree I felt more comfortable with construction.  

And at the moment, I am still deciding whether or not we would like to go with the multifamily option, as my fiance doesn't seem as comfortable as me, in regards to living in an attached property with other residents.

Regardless of that degree I felt more comfortable with construction.  

At this time, it seems like he is only comfortable with putting down $20,000 on this investment.We plan on finding a property in the Minneapolis area.

There is a super awkward 4th bedroom and very tiny dining room.

Regardless of that I felt more comfortable in construction.  

I've also purchased a property through foreclosure that could have easily supported the debt on it but was managed so poorly that the owner couldn't keep it.I personally would feel comfortable with as much as 60% of my income going to debt service, however that would not be ideal - 50% or less keeps me happy and sleeping well at night.  

Its never evident in sales pitches as Roy mentioned but you can definitely ask them for that information and they should be comfortable sharing that information with you.

I've messed with all three of those during my engineering studies but not enough to be comfortable building anything.

It isn't done here often, so make sure you discuss it with a lawyer that you plan on using ahead of time so they are comfortable with it.