I have truly realized how realtors play an invaluable piece of this puzzle I am trying to put together. 

I live fairly close to Kansas City, in Wichita and I wish I could help you out with the property more.

Quote from @Alex Todd: @Basit Siddiqi and @Sean Graham let’s play this out a bit for discussions sake.$3M MF property, depreciation and mortgage interest are ~$180,000.

I've just watched a fractional deal hit the skids for a $1 mil condo on Hilton Head Island after 20 years of fairly trouble-free operation. 25% owner wants to be liquid, but the partnership doesn't guarantee liquidity.

I'm fairly confident the home would appraise for $470,000 - $490,000 in October 2025. 

So, a small flat late fee compensates me fairly for the inconvenience of the lateness. 4.

I could find people fairly easy.Add the excitement of a hurricane off the coast (resort shut down at 9 PM so workers could safely get home). 

I don't think it will be a fabulous deal (buy point will be appraised market value so it would be fair to market value (minus real estate commission costs) ).  

I say biased, because it seems fair and unbiased reporting is a thing of the past.  

When I have done new construction between $500k-$1M in cost the contractor asked for 5% upfront, to be reimbursed at the draw that completes framing, and this was fairly standard in its market.