Does anyone have a good resource for some sort of turnaround plan or success plan they have put together as essentially a business plan for a multifamily property?

If you do not take the gold for delivery and have some sort of representative interests in the gold- look up what happened to Iceland during the banking failures.

When using hard money, your rate is usually higher and you also have to pay some sort of lender fees and points. 

What sort of insurance does the manager carry to make sure she can make you whole should things go wrong?

The way you describe it, it seems like its more than just inexpensive material selections.  

I am already doing the marketing (placed bandit signs, launching FB ad next week, selected   databases to purchase the list of properties that fall under high equity, vacant and other criteria, to be skip traced and cold called  and etc.). 

A well-crafted agreement would have anticipated this sort of situation and outlined a process. 

Before you even start spend a few hours and a lot of discussion to sort out every possible contingency.  

Hey everyone,Me and my wife just purchased a 3B house in Charlotte, that requires quite a bit of work, and we are looking to expand our network here, as we are new to Charlotte, so this is sort of out-of-state investing for us.

If it is i am with @Greg Scott  if you have vetted the contractor and they are licensed for what you are doing and you checked references then let the PM know you have selected someone else.