I pull all my copies , approved plans from the county , footer inspections , final inspections , AND I found a copy of the code from 2002 . 

Once its approved it will be worth about 100 million. and the 10k a month is all principal there is no interest carry.. so been it it 15 years already..

My assumption is that it still will be better to purchase in my name (better loan terms, ability to put 20% or less down, and I'm already pre-approved) and move to an LLC, but this seems like a steep cost of doing business.

I’m going to share some of my thoughts when I talk to new investors;Are you pre approved, and for how much? 

Some lenders charge 5% released upon C/O, others release once that particular line item is approved by local inspection agency.

Hopefully you can show where he didn't honor the agreement that cost changes had to be approved...hopefully that approval was supposed to be in writing.

But here in upstate NY if it's a town/city/county tax lien auction & you win the bid there is no redemption, assuming the city/town then approves the bid.

I am assuming I should only apply for one loan approval since pulling my credit score/history will lower my credit number. 

I feel like it would be great to trust a property management company on all of this, but it would be hard not to step in if you could do a better job at screening bad tenants (eg screening HUGE future problems).I initially managed properties myself, but now I delegate that responsibility to my business partner, personal assistant, or a property manager at my brokerage.Most PMs I know will send you an applicant for final approval and you can get on the phone with them and ask them questions

This would increase my chances of being approved for a FHA loan.