The construction contract should reflect the actual cost to build, ensuring clarity for the lender.

Ensure the sale reflects fair market value to avoid gift tax.

You can 100% create simple systems with free technologies and run your unit efficiently. 

It should have a good spread to ensure you're not losing money in the long run.

The tenant is going to leave no matter what you say, so you should figure out how to let them go while ensuring there's no loss of income.I suggest you remind the tenant they are contractually obligated to pay rent and other costs until a new tenant is found.

But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?

Have a conversation with your property management company well in advance of any transition to ensure you are fully aware of all terms and conditions.

If it sounds too good to be true, then make sure that you take the necessary steps to ensure your own safety.

By leveraging our financial resources alongside Ron's contributions, we were able to secure the property quickly and allocate funds efficiently for the $25,000 renovation.

It helps real estate agents to ensure the continuity of their relationship with leads and customers.