Use third-party experts for thorough analysis and efficient software for streamlined documentation to enhance your due diligence reports.In my experience, leveraging due diligence can lead to better outcomes.

A crucial point for property managers to understand: If you release the credit report to the landlord, or any other party, you just became a Credit Reporting Agency under the Fair Credit Reporting Act (federal law). 

I've been told the hard part is finding a builder who's willing to build without me paying a large percentage upfront.

My second favorite part is how you never addressed the actual question and main point of my post.

If you're 50/50 on whether to do it, I would encourage you to self-manage your first few rentals and then when it becomes too much of a time commitment turn it over to 3rd party management.

Can I ask what your favorite part is so far? 

I feel like I'm too late to the party on this one. 72 Park is in pre-construction phase.  

I'm not familiar with how European real estate transactions work but personally know I would feel a lot better if there was a third party involved holding the money

They boast a robust portfolio management suite with some fancy bells and whistles, but they're using independent third party contractors to scale on the ground.

So, of course its a red flag to anyone who does not know the parties involved.