And, know this:  The #1 reason that Landlords fail is their failure to manage to the lease (source: American Apartment Owner's Assn).  

That is an upfront game plan with numbers that should be somewhat fail proof if done correctly.Lastly dont forget that 85% of people who take out a HELOC end up doing a refinance within 3 years to consolidate into one loan. 

I gave him a deadline, but he failed to show up with all my items.

You failed to rent it in October before the holiday season. 

Unless you negotiate a new contract or addendum with your PMC, they do NOT have to abide by any requests/demands you make that contradict what's written in the management contract.If they have in fact NOT followed the terms of their contract, then you'll want to send them something in writing pointing out the specific language in their contract that they violated and ask what they plan to do about it.If they fail to correct or address the issues, then you'll want to start looking for a new PMC.

Second biggest mistake is failing to realize these construction loans allow draws on improvements meaning cash expenditures are required before the first draw can be issued.

It ultimately failed, so I started another one that also failed - ending with a partner than ran out of and stole money.

Looks like Paramount is under Federal investigation for having failed to make agreed payments. 

If you fail to follow the rules, you may open your personal assets to a lawsuit.

However, they failed to do so and remain on the premises.I immediately contacted my attorney, who filed a warrant for removal the next day.