I suspect I might run into similar problems that I have with door loop. 

While I understand there's efficiencies to larger operations if someone owns real estate in a location that presents snow accumulation risks, it's a cost that should be accounted for in underwriting the real estate.

The borrower didn't move forward because the rate increased due to the lower DSCR, and the borrower was receiving less cash out.This property was part of a larger portfolio that my client was considering refinancing, but wanted to test the waters with 1 property first.

I just went through my first 1031 into a larger deal and am under contract on another 15 units.

I am an Executive in a life sciences company which takes the majority of my time and I have no intention of stopping that, but want to build a larger rental portfolio to have other financial / lifestyle options in 10 years. 

If you DO want them to be an equity partner, you must “replace” the missing rent.If you structure as equity (profit share), then yes, you can’t just delete one unit’s income and expect the investor to take that haircut.Two clean solutions:Option A: Pay a “house hack offset” each month.You basically pay the partnership the amount that unit would have rented for.Example:Unit would rent for $1,500You pay $1,500/mo into the deal→ Keeps the underwriting true→ Investor gets the same return as if it were fully rented→ You still get the benefit of living where you investOption B: Give the investor a larger equity share.If you don’t want to make monthly payments, you can give them:60/40 instead of 50/50Or preferred returns with catch-upsYou’re “paying” for your living benefit through equity instead of cash.3.

Appfolio typically requires a minimum of 50 doors in their system.Buildium doesn't care and is a bit easier to use - albeit it does not have as many features.

It's usually due to the storm door locks. 

Larger properties allow cost segregation and bonus depreciation, offering major tax deductions.

Quote from @Terry Hall: Any updates on Open Door Capital Fund 8?