@Gino Barbaro I would like to investigate MF investment opportunities in St.

Hi Karla,I'm a Realtor in LaPorte and I'll shamelessly recommend myself for the opportunity. 

If everything moves forward, then visit when the work is being done or when it is done to make sure all is good, and if you are unhappy you should have the opportunity to end your pm contract and find a new one.However, did you say you only have the property under contract, and you don't own it yet? 

I'm somewhat risk averse (my philosophy is kind of slow and steady saving, and seize the best cash flow opportunity with a cash purchase).

Control the situation now that I have the opportunity too!!  

It would have to be a smoking hot deal though because most people do not consider the potential opportunity cost of pulling a loan from their retirement account.

I think the answer to your question depends more on the location of your property and a lot of zoning issues that may or may not afford you the opportunity to do what you’d like there.

We do have small, industry standard, fees (acquisition, asset mngt, & possibly a capital transaction) built in for qualifying for the loan, having the track record, managing the business, finding the opportunity, etc...Again I think it depends on how YOU feel about the terms & your relationship with your partner.I hope this helps!

@William Danielson you have a great gift/opportunity.

I agree with what @Nick Kravchuk indicated but would add that I would start with a VA financed detached duplex that has value add opportunity.