I recently received a letter stating that due to our property not performing up to standards, they will automatically be reducing our collections % down from 58% to 50%.

Not only can you perform all the transfer functions, you’re not capped on transfer amounts.

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Quote from @Chris Seveney: @JP LeonardRecognize also whether a bank would also lend against this type of deal.Basically we didn't want to sell our home now and above all not get it foreclosed on if the contractor fails to perform.

If they do a bad job and sell you a property that doesn't perform, they already got their commission, so what recourse do you have against them?

Focus on the numbers and how the rental is performing today!

If you walked up to Michael Jordan and said, "I want to learn sports" he would walk away.

I have purchased 2 very well performing properties with significant cash flows. 

Anyone in the business would agree it is a team sport if you want to scale a portfolio.

We also strive to bill monthly as work is performed, rather than waiting until a tax return is 100% complete - especially for those that go out on extension - and again I receive (almost ;)) no pushback on that.