That kind of errand is not the sort of thing they are paid to do and our liaison wasn't able to devote enough time to the problem on a daily basis to make it happen which I completely understood but it was still frustrating. 

An umbrella has nothing to do with those circumstances.I think some people hear umbrella and assume it's some sort of magical insurance that will protect them if anything goes wrong. 

Just trying to sort out an assumption so I can plug it into the model I build and calc post-construction LTV and sale assumptions.

I also am planning to meet with my PM on Monday to discuss pain points and better expectations, I would love to hear what sort of expectations you set with property managers?

Hopefully I could even provide some sort of value to this group and most definitely do business with some of you.

Has anyone run into problems with this sort of lending?

In the end, people rely on internet for all sorts of things and you want that to be reliable.

I'm still looking for my first property and I have a lead, sort of.

been working to wrap my head around depreciation and I have had a puzzle I am still sorting just because I refinanced last year.

This is exactly the sort of discussion I was hoping for.