In the case you describe, you would be acting as a broker without a brokers license. 

can utilize the no income no doc DSCR loan which works beautifully and can take upto 80%  Really think we should stop using "no doc" to describe DSCR Loans - really isn't accurate and adds unneeded stigma around the loan product What types of "docs" do you require for a DSCR loan at easy street ?

There are lenders who offer construction loans for investment properties for exactly the scenario you're describing.

maybe so -  it probably just seems like the ones we describe above stand out.  

It is hard to notice because by the end of year 3 we are up to 3 properties and the numbers are being described in a summary total instead of by each property individually.

So lean on other real estate investors working in this space and I think that will help you with what to do on a property that you were describing.  

From their perspective, the lease is clear in describing this as an "Early Termination Fee."

I would describe it as a one trick pony town.

Property management will only reduce the time, effort and headaches you put into it; not eliminate it.Given the situation you’ve described, I think selling it all at once and placing the profits into an immediate annuity sounds like a good idea.

What you described as an option isn't a good option (I said that nicer than what I wanted to say).First, dump the idea of Hard Money.