Happy to answer any additional questions. 

While the lack of income tax is a huge draw for many, I agree that property taxes can quickly eat into profits, especially for investors renting out properties.

With your extensive background in appraisals and commercial real estate, you're a fantastic addition to the community.

The price is posted, and it's the same with almost every other business.I would go online and do a rent comp analysis on what current market rents for your type unit are getting, and if you're afraid of losing them, then you can give them a discount.If a tenant has a larger space, more amenities, a parking space, then you can add additional rent.

In addition to the management fee and interest, you may encounter several other costs when securing a private loan.

This becomes even more important if you’re a high earner because taxes can eat up a significant portion of your income.

Let me know if you have any additional questions!

Another important thing not mentioned is that you need to list your lender as "additional insured" on your insurance policy. 

Perhaps hire the PM as a second set of eyes for quality control but that should be in addition to the GC you should hire from day one. 

However, this approach might add complexity, such as additional tax filings, self-employment taxes, and administrative costs.