I bet with the right motivation this would be a day project and you wouldn't have to worry about it anymore....

And you don't need mentors, unless they have some financial interest in the success of your project. 

I’ve always wondered about doing a project such as this.

Trust me I’m all for tackling a tough project and remaining optimistic, but I would reconsider your renovation costs on this one.

You're right in that it's tough to justify an expense like that with an increase in rent alone.

In addition, it is consuming over half of my line of credit which limits me from buying other projects. 

So for instance if the company you were using already initiated that process the smoothest way to complete would be to figure out where in the process it is ----  has an inspector already been designated for the projects?

Now is the time to be tough.

It's currently a tough market in our area but sounds like you're killing it!

4-plexes are going to be real tough right now unless willing to pay top price on everything.