There is fine line between the two depending on the structure and source of the capital.My preferred equity partners do quite a bit of due diligence on the sponsor as they are essentially teaming up with them to do this deal.  

(most hard money loans require 10-15% down depending on the split between purchase price and rehab). but that is both (1) risky and (2) expensive, as you're paying interest every month on 100% of the borrowed funds. private money is fine, you're just bearing a lot of risk and also involving the relationship in your very first deal. 

- Do you want an ocean view, or is proximity to the water or to resort amenities like fine dining or shops most important?

I don't quite understand why you need to rewrite the lease, it seems to me that what as Nathan said, just adding to the existing lease should be fine

However generally from working with 2-3 other PMs in the west coast, I am 100% fine paying more of a premium each month for a PM that is transparent and is able to give more time to communication.

Best wishesI suggest you double check the updates and fine print, there has been a LOT of changes on margin accounts, seemingly everywhere.

And the really messed up ones, they don't even give a landlord an option, per fine print in contract, they just go out and do whatever and send a bill after the fact. 

One would learn more just by reading these forums and absorbing the knowledge and experience from the people who've done this before.A book is fine, these books are based off what? 

All lights were green and there was a pileup, leaving behind a mess of twisted metal and broken glass, and a few personal injuries to boot.The syndicator crowd coined the phrase "survive until '25" under the hope that by 2025 interest rates would correct and their deals would be fine. 

Legal violations and penalities(fines) even if you have accounting software to track the difference.