Secondly this mortgage is a big money maker for OCWEN, and its guaranteed by a first mortgage. 

I can guarantee that if your PM can't win Aircover and thinks it is a waste of his time, he will not win any insurance or small claim fight at the court.

Id keep looking if it was not an approved short sale ( even an approved short sale takes a very very long time and theres no guarantee that you will even close on the house after months of waiting). q1)There are plenty of non traditional lenders that could offer you construction financing if the numbers make sense but it will cost you with points and a higher rate.

In 20 years, look back at these agents, lenders, etc that didn't buy rental properties themselves and I guarantee they will be kicking themselves for not doing so.    

If the LLC is the maker on the note, there's a good chance you'll be required to personally guarantee the note.

Nor any skip trace agency who will guarantee correct address. (7) We have not been able to find any collection agencies that take case of a private landlord to collect on contingency basis.

Truth in Renting put out by the state of NJ: https://www.nj.gov/dca/codes/publications/pdf_lti/t_i_r.pdfHere is the webpage for the Jersey City Landlord/Tenant relations office:  https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...

It's no guarantee but it's a good place to start.

If this isn't required, then most likely having the GC sign a completion guarantee to ensure the project gets finished and lender is not stuck with a partially complete asset is the case. 

They are very up front about the whole process and all the details.Before I go on, I want to make it clear that I am a small time entrepreneur and am in no way affiliated with the Capital Syndicate, Awesome REI or anyone else associated with this course.I bought the Capital Syndicate course because I wanted to see if I could apply it to a specific niche market.I bought all the add ons because I wanted to make sure I gave it every shot to work properly and because they offered a 30 day money back guarantee.