There may be MI but you have the ability to customize it and possibly not pay as many as with 203k- you do not need equity at the time of initiating or applying for a refinancing (assumes you own the property already) vs a FHA 203k you need min 2.25% equity - flexibility of primary/investment/second homes and rehab financing vs only primary with FHA- less restrictions on what type of upgrades you do like luxury items are less restricted and attached ADU (accessory dwelling units) are ok since some people like to build in law quarters and such while 203k will have severe restrictions on theseSome downsides on home style are:- your rehab cannot exceed 50% of your ARV value (determined by your appraisal). - can only have 4 financed properties (may be an over lay but I've always seen this)- min down is 5% vs 3.5% with FHA- FHA 203k is not capped for rehab budget like home style with its 50% of ARV cap

1) Our PM conducts quarterly walkthrough inspections.

For now, I have constructed an excel spread sheet that will show investors how they will get paid quarterly and upon exit. 

In that case, let's look at it from the angle of "use of cash" your cash flow and the best opportunities available to you.We can't do that unless we know what the business is and how it's set up, you mentioned partners so that complicates things to some degree, your agreed split can be paid out as each desire.As to draws, SS taxes are due on compensation received, you'll have estimated taxes as well, if your company provides you with living quarters the value of that is taxable income.

The Fed recently adjusted its short term projection to one quarter point rate drop for 2024, though it had earlier predicted as many as three drops.

Maybe every quarter or so...?

For $150/year they'll do 4 quarterly walkthroughs.

. ;-)OK, I am only kidding.The only appliance you have that can be replace with a higher efficiency unit would be the water heater.Bill the tenants for water use, make copies of the water bill and have the tenants pay per sq. ft. of the space they rent.Water bills for our family properties has always been a problem.Often times the meter is not read or miss-readIf you have your own meters installed, the burden is that you have to read it every quarter.

That is one of the 'evils' of being self employed..... you really feel it when you send in that 15% monthly, quarterly or yearly.

To support your statement I am also trying convert my barn to a Granny quarter’s.