If the project is large enough, liquidated damages (LDs) should be considered as well.

I am not sure if anyone else saw it:"Full and Liquidated Damages": This limits both parties to just the damages stated in the contract.

The only caveat I will throw into this is liquidity.

Start with a legal posted notice from your favorite eviction attorney.

I am hoping this gives me a head start in funding the initial investments.I also have some high balance liquid assets, but I am putting all or most those funds into other investment vehicles to diversify my holdings such as stocks, bonds, etc.

They only other thing I would mention is that correspondent lending can be hard to turn off and on if liquidity gets tight without hurting the relationship.

https://www.redfin.com/OH/Cincinnati/17-E-Mitchell-Ave-45217...

They e-mail me their background check from the hospital, or I have them complete one through tenantbackgroundcheck.com. 

Do not bank on setting a new neighborhood record on $ / sqft - be conservative in your numbers.I am looking at 5 E Freeman st Newnan Ga We are going to do a 4/3 the price is 140k with rehab budget 57k ARV 285-300. 

Meaning truly intrinsic(2x DSCR not 1x DSCR), then roll the dice and lever the minimum you need to get the deal done and understand to put more to reserves than anything else for the first 3-5 years from your current and new property.The risk:reward ratio is very low when you factor in a lack of liquidity.