Should the Owner require the Manager to make unscheduled visits to the property(insurance proposes) above and beyond the duties outlined in this Agreement, a fee of $75 +GST will be charged per visit.Thoughts??

On one project we did we proposed 36 highway accesses and were denied as been excessive. 

As long as the rents can cover both the current PITI and proposed P&I payment, credit is at least 680. you should be able to qualify. 

Should tenant fail to response, you would request a default judgment and under the proposed facts it would be granted in all likelihood.

Realistically, there should be no benefit, and there are probably some disadvantages, of doing what you propose.

@Jerry ZigounakisIs the proposed entity supposed to hold title to the real properties? 

They can inform you of the process and the chances of your proposed use getting approved by P&Z and/or City Council.

Each team would propose a new ideas and new creative financing to help both sides reach their goal.

These should be reflected in the purchase price or negotiated as part of the terms, such as the seller carrying some of the renovation burden.Use seller financing to your advantage by proposing a price closer to $225,000-$250,000 with terms such as 20% down, a low interest rate (4-5%), or interest-only payments for 3-5 years, with a balloon payment once renovations are complete and cash flow stabilizes.If the seller is firm on price, consider negotiating higher down payment terms to reduce the financed amount, paired with interest-only terms or a price reduction tied to renovation milestones.Key questions to address include the condition of the septic system, which can be a significant expense if it fails.

You want to make sure that the developer can perform and that the type of development proposed is needed in the market and that the neighbors don't oppose the project.