Thanks everyone for your responses!!

Not only will this help reduce unexpected costs but tenants often take care of their property better when they are responsible for the repair costs. 

You typically can't change the responsibly part on a loan, you'd have to refi. 

For illustration purposes, the investor with engineering and/or construction background may excel building in a market where there is ease in doing business and can build efficiently whereas the doctor may have greater success in the established market where significant barriers already exist but can afford the entry price and can ride the waive of continued appreciation and offset their high salary by depreciating the expensive building they acquired.  

I've had HUD forms filled out billing me for pro-rations that were the seller's responsibility, agents who have lost track of contingency removal dates, ... the list goes on and on.

I understand that everyone has unique goals, and responses will vary depending on those objectives.

Who is responsible for cleaning the construction site and keeping public walk ways free and clear of construction debris since you are in CA without the ability to monitor the site?

I wrote the above for informational purposes.

Love any and all responses! 

It's possible the engineer is agreeing to take on the ENTIRE development process and manage the entire development of the project but that would need to be clearly defined in the roles and responsibilities of the development partnership.