For future reference, the agencies will often adjust LTV/DCR by -5% LTV / -.05x DCR for loans involving new agency borrowers with minimal experience / like size AUM / etc. 

Furthermore, would this require an ABA even though there is not ownership involved?  

In fairness, that could be due to disruption from all of the construction.Our current PM has done a good job maintaining the property, but more and more I find myself having to get involved in day to day issues. 

I highly recommend getting involved locally.

Is there a way to separate from them legally without getting a lawyer involved? 

HOWEVER, for 1-4 unit properties comparable sales is the predominant method appraisers use to establish value not income.

One that involved firing their entire field operations team, which I thought was key to their success.

Should have done more digging up front on everyone involved in the deal, not just the managing GP.

Anyway I thought I would share with you my method of contract reading because it might help you in the future.

We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.