The hope is the tenant does not move and the older house that had minimal repairs will not fall apart anytime soon.So an old house with minimal repairs to it, questionable areas to invest in, and tenants that tend to live hard in the spaces can be a recipe for disaster. 

And for vast majority of persons delayed debt payments results in accruing debts, because they find they have less left to pay down than hoped.

Always ask for references and examples of similar projects (pictures)The Red Flags you have to Avoid:Lowball bids (too good to be true often is).Poor communication or delays in responding.Hesitation to provide references or sign a detailed contract.Cash-only deals or pushy behavior to secure the job.

I'll do my best to answer your questions as directly as possible with minimal fluff. 

As an agent I have seen deals fall apart at closing or get delayed the day of closing.

**Risk and Reward** - If the engineer or developer is assuming some risk (such as project financing, delays, or cost overruns), their higher percentage may be justified

Other than reduced bonus depreciation (if you're using that strategy), without any tax law changes, rates will be largely the same for 2025 as 2024, so you may not lose much by delaying receipt of the bonus by a month or two. 

Delaying the closing to 2025 would reduce the bonus depreciation rate to 40% (unless Trump changes it).This post does not create a CPA-Client relationship.

Risk is minimized due to the amount of rents, property condition, property price, and location.

Hopefully the security deposit is enough to minimize your loss.