.- Take all the cheap prints off the walls. 

Cheap is expensive in the trades.  

Every day, the Chemical Plants (Dow, Shintech, etc.) and residential neighborhoods that surround the site of this location provide a high traffic count.A great opportunity exists for a tenant that is willing to market their business to travelers of Hwy. 1, the residents in the surrounding neighborhoods, and neighboring communities.How did you find this deal and how did you negotiate it?

How do you manage cost, unexpected surprises and keep the project on time. 10% to manage a rehab is actually pretty cheap, I suspect you have never done that yourself, otherwise you'd know how much work that is.

It can be a very good passive income even if I have to figure in my traveling cost against the 20%.

For retail investors I would be more worried about what the sponsor does vs who they are raising from - when I see a fund start branching out and doing something not in their strike zone whether it’s crypto, oil and gas, MF, debt and mobile home parks etc that to me is a red flag - especially if they are also spending their time traveling the Public Relations circuit selling mentorship’s vs managing assets.One last thing to add, I know iof someone who had one investor for 25 million.

If they’re doing it for dirt cheap and gave great service, I’m a lot more likely to give them a “bonus” than if they charged me full rate and took a long time to get to the worksite.I don’t think there’s a hard and fast rule on anything, but if you want them to treat you well, you need to treat them well (pay when asked, provide meals for him/her and their crew, be flexible when you can, pay extra, etc.).   

Refinancing out of the FHA loan and then taking out a new FHA loan when you are done won't be cheap and you may be refinancing into a higher interest rate.

Note good does not necessarily mean cheap   Look at helix hospitality.Amazon sells mattress and box spring wraps that prevent bed bugs getting into the mattress/box spring.  

Here's a few things I would keep in mind- Travel medical professional demand and pay is down significantly in many markets.