We started construction in February 2025 and are planning to start leasing up in Spring of 2026." 

Borrowers overleveraging, deals falling apart, and platforms absorbing starting to selll off these losers. 

To expand on this, and to peg when a person can just be "The Owner" and wash hands of being IN the day-2-day.... 

A and B tenants, usually need more hand holding and expect more because they assume that they are entitled to it because they are paying so in rent. 

Quote from @Esther Iroko: Yes, you should start the eviction process.

You started with one listing and ended up with a listing and a handful of new buyer clients.Trying to market to buyers without listings is like trying to chase down bees one at a time in an attempt to get honey.

So I start with the sponsor first.

Everyone's favorite answer in real estate---"it depends".That being said, you have to start somewhere to figure that out.

How long are you usually spending on prep before you hand it all off to your CPA?

Great start to life.