I agree with Jason about how leaving too much in your primary will hamstring your investment goals.

All of this is common knowledge in the manufactured housing industry.I dislike all these regulations that hamstring our industry as much as anyone in the industry.

Don't hamstring yourself due to fear. 

I am going to sue Pottery Barns and Ikea ther catalogues are so heavy I pulled a hamstring handling their mail.

In hindsight, assuming self-managing is probably a terrible idea as it hamstrings the ability to focus on other properties or investments should opportunities arise.The apartments were recently renovated, so my plan was to divert cash flow into a capital reserve over the first two-three years.

If you don't understand the language, ask the attorney to explain it to you, that's what you're paying him/her for.An attorney's job is to protect you, don't hamstring them from doing their job.

I came to the conclusion many folks just do not have either the knowledge or common sense to be landlords and on top of that they hamstring their PM.. then blame the PM.. :) 

You can keep it as a 3 and live in it however you want, but do not structurally alter a 3 into a 2 unless you want to lose future value and hamstring the property and pay to make the property less desirable.

I also want to ensure I can scale and don't want to hamstring myself by making a poor decision now and deploying the capital on a bad deal so there is a bit of trigger shyness.

It would hamstring you later when the country is in recovery and you still haven't rented it.