You want to fix and rent out vacant units asap, even if it is just one unit, then when more funds fix up the next one as it becomes available nicer.

.- both partners good credit-  want to have 30 year fixed amort financing, plan to buy and hold- cash down payment of 25 or 30% is avail - no experience in prop mgt or RE investing, will outsource prop mgt- One partner has W-2 corp job, other is taking some time off but doing part time consulting. 

He always seem to have money available for those issues.

The availability to get 100% financing for someone that makes bad choices is like offering a drink to a alcoholic.

Once you understand that, (risk tolerance, your active involvement, your cash or finance  availability,  you knowledge of construction, investing, market data, your trust in the team you have developed and vetted) you can then look at the best way for you to purchase.

Also, non-recourse is generally readily available as well for pooled loans. 

(Effective September 30, 2018.)(1) A landlord may not, based on the source of income of an otherwise eligible prospective tenant or current tenant:(a) Refuse to lease or rent any real property to a prospective tenant or current tenant, unless the: (i) Prospective tenant's or current tenant's source of income is conditioned on the real property passing inspection; (ii) written estimate of the cost of improvements necessary to pass inspection is more than one thousand five hundred dollars; and (iii) landlord has not received moneys from the landlord mitigation program account to make the improvements;(b) Expel a prospective tenant or current tenant from any real property;(c) Make any distinction, discrimination, or restriction against a prospective tenant or current tenant in the price, terms, conditions, fees, or privileges relating to the rental, lease, or occupancy of real property or in the furnishing of any facilities or services in connection with the rental, lease, or occupancy of real property;(d) Attempt to discourage the rental or lease of any real property to a prospective tenant or current tenant;(e) Assist, induce, incite, or coerce another person to commit an act or engage in a practice that violates this section;(f) Coerce, intimidate, threaten, or interfere with any person in the exercise or enjoyment of, or on account of the person having exercised or enjoyed or having aided or encouraged any other person in the exercise or enjoyment of, any right granted or protected under this section;(g) Represent to a person that a dwelling unit is not available for inspection or rental when the dwelling unit in fact is available for inspection or rental; or(h) Otherwise make unavailable or deny a dwelling unit to a prospective tenant or current tenant that, but for his or her source of income, would be eligible to rent real property.(2) A landlord may not publish, circulate, issue, or display, or cause to be published, circulated, issued, or displayed, any communication, notice, advertisement, or sign of any kind relating to the rental or lease of real property that indicates a preference, limitation, or requirement based on any source of income.(3) If a landlord requires that a prospective tenant or current tenant have a certain threshold level of income, any source of income in the form of a rent voucher or subsidy must be subtracted from the total of the monthly rent prior to calculating if the income criteria have been met.(4) A person in violation of this section shall be held liable in a civil action up to four and one-half times the monthly rent of the real property at issue, as well as court costs and reasonable attorneys' fees.(5) As used in this section, "source of income" includes benefits or subsidy programs including housing assistance, public assistance, emergency rental assistance, veterans benefits, social security, supplemental security income or other retirement programs, and other programs administered by any federal, state, local, or nonprofit entity.

Upon completion, the park will be available for acquisition with current transferable financing in place or by other means.

My wife and I currently own the following properties in Ottawa, Ontario:1 - Primary residence - ~650k value, 475k outstanding mortgage2 - Rental property #1 - ~500k value, 231k outstanding mortgate, HELOC of ~70k available. 3 - Rental property #2 - ~220k value, 145k outstanding mortgageIn the next couple years, we're possibly looking into purchasing a new primary residence and we'd like to convert our current primary residence to a rental property if possible.

Reduces your availability on your credit profile and increases your debt load.