We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.

-------------------------------------------I am involved in a construction project which requires a Builder’s Risk policy/coverage…something off the beaten track for most people.

I'm no exactly new to BP but have never introduced myself or gotten involved. 

There is a ton of trust involved on both sides, but especially when you're the one shelling out the money. 

If your goal is to grow your LLC, consider arranging all of your properties under an agreement with your LLC to manage them & take all of the legal steps to ensure that the structure is correct. this may involve creating LLCs in the state(s) your LTRs are in to own the property and your PM LLC managing those properties, so that you don't have a concentration of all of your portfolio in one entity.

What is likely to happen is you try to solve HER problem - just to have it repeat.You really cannot evict one person w/o evicting ALL OCCUPANTS.Know you think you are doing the right thing, but you are NOT.The only way you can/should assist the mother is if she files a police report on the other occupant.If mother is not willing to do this, do NOT get involved!

And don’t pay anyone or sign anything before you get your carrier involved.

If you can get in with a real estate brokerage that is more involved with investors you will learn a lot more.

Keep in mind though that finding partners takes A LOT of time as you want to actually build a relationship with said partner before getting any money involved.  

I haven't regretted it since.I personally prefer LTRs because there are less moving parts involved, which makes it an easier business to scale.If you’re looking to invest long distance, it's very important to establish a solid foundation by building a quality team around you.