HI @Ananth SubramanianI have not been in your shoes but have read others that have and from what it sounds like getting the judgement is the easy part and physically collecting the $$ from the tenants is the hardest most impossible part.

You probably need to have a conversation with her about the easy way and the hard way.

@John Friendas  it's close to the 1% rule which is good, but I would still run the financials on it. 

I will not comment as to the tax laws and underlying rules - that is a discussion you can have with your tax advisor who presumably you are paying to help you.What I will do is provide practical and business guidance on tracking time.Firstly, there are apps available that can assist with time tracking where you can specifically detail your time, who you met with, etc.

Again while they may legally be bound to an agreement, you are going to have to go through the court system to get them to abide by it, and that is not going to be easy or cheap.I see your point.

Don't focus on a "rule of thumb" as a rookie.

Convincing her to cooperate wasn’t easy.

The requirement to do this generally involves an experienced GC signing on the borrowing entity as a 20+% owner thus making them a signatory on the loan and responsible for the debt which in most cases is not very easy to find.

Fees should be clearly stated in writing, easy to understand, and justifiable.

I spent several man-hours organizing our data for easy interpretation.