Also some people have no comprehension of the work and skill involved in executing a good value add and the compensation I expect for executing one.Be cautious in dealing with family.  

Maybe a  good idea to have a reputed and vetted attorney to draft and execute it.Partnerships can sometimes have misunderstandings even among close friends

Places that have little to no appreciation upside above the rate of inflation or a well executed purchase for a short term, mid term, or rent by the room strategy. 

Did you execute contracts with each contractor with appropriate indemnification language and warranties?

I have a client who is selling her executive townhouse for $349900.

For the tenant to be able to move in you need to -Go back and forth and fill out HAP contract and get it approved by CMHA -Get the property inspected and pass(if you fail redo this step)-execute the leases then the tenant can move in * Important note (you won't start receiving payments from CMHA till like a month or 2 later after you execute the lease.

Going to guess your PMC vetting didn't include asking questions about HOW they would execute their services.Below is part of a standard copy & paste advice for those looking for a PMC.

I responded with a legal notice saying that I cannot be left vulnerable for legal reasons to someone doing structural repairs on my home, because in the event they are hurt, I can be sued.

Overall, it sounds like a well-thought-out strategy, and I think many will appreciate seeing how you execute this project.

Collateral is first and foremost, but the borrowers ability to execute the business plan within the term of the loan is next most important.