@Connor Swanson You need to decide on what RE strategy you want to implement (buy&hold, fix&flip, etc...)

If the work is not 100% complete by the end of the Escrow period, loan may implement a .50% (on total loan balance) extension fee that will cover an additional construction term of 60 days.

Either way, I like the way you think, and I can implement some of that.

We Have a fair enough of amount of concept knowledge; however we are looking for our first place of implementation.

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

I’ve heard rumours they’re trying to implement that in the future, which would be unbelievable but not shocking.

Then when there were a significant loss and the association didn't have enough reserve fund(s) to cover the loss (or deductible) they would be forced to implement an assessment meaning that every unit owner would be assessed whatever their % of the deficit.

But I like your general scheme, I will implement as much of that as I can.

We, as RE professionals can limit exposure for ourselves and our clients by implementing prudent due diligence on tenants; by ensuring our tenants are properly licensed, operating within the law and keeping their operations to code the changes of the DEA / DOJ seizing assets is (in my opinion) next to zero.

Also, if you have tenants in place, you'll have to wait until your leases roll over to implement this charge; however, I would think you'd have to do the same if you sub-metered and wanted them to start paying for their own water.