We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

One incredibly important question, how are the reviews from the current listing and is there anything with the existing furniture that would give you a bad review?

It's important to find out.But for now, let's assume that the property is worth $63 million as @Jason Piccolo indicated above and the loan balance is $59.8 million. 

No attempts to "pull one over" on anyone here--in fact this deal and partnership idea were brought to me by the other would-be investors (including the deal finder), because they're interested in making it possible for my wife and I to move closer to them (currently living in different states).

You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

The first 4 are real magazines but do not feature his name or any of the important key terms in any of their articles.

I read on Lee Arnold system . com that joining the inner circle gives access to up to 100% financing on residential loans including Property Purchase Price + Closing Costs + Rehab Costs if that amount is 65% of the after repair value (ARV) as determined by a third party appraiser.  

Lenders often include a portion of the cash flow in the investment property as income to you personally to offset the DTI. 

Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.