A hydrostatic plumbing test is recommended to be performed by a licensed plumber post Foundation work.

The cash flow on the 5 would certainly out perform the 4. 5 units also spreads your monthly revenue out over more tenants giving you more cushion from vacancies.I'm curious about the reason someone told you to go with 4 units. 

GCs tend to spend their time providing pricing on jobs they intend to perform the work on.

I know you have extensive management experience but perhaps that could be a compromise that will enable you to keep pursuing RE investments but not place so much stress on your husband? 

July is a long ways off and the performance of the asset could change which will dictate your loan options.

This would be a performing note and pretty much everything about it, included the "price" is negotiable.thanks! 

We did perform due diligence and ran all our usual checks including a background check and financial history evaluation. 

In my account I had about $1200 and to be honest i'm not sure what it is at now but I know I put it on an aggressive plan that has performed poorly.

You mentioned Chase, I have a chase performance business checking account that comes 2 outgoing wires free every month and unlimited incoming wires

That should leave you with a quality and lasting finish productJust be sure when getting your estimate you and your contractor you are aware of exactly what work he plans to perform.