Operating partner agrees to operate manage property (includes marketing, housekeeping ops, maintenence, accounting, etc etc).Open joint bank account.  

Jay - I'm sure you can get a house built in some areas of the country for less than $200k SF, but the OP stated that he is building a stick-built, 4 story w/basement, elevator, custom built, high-end finish house in downtown Philly My point is that I don't think he can do it for $180sf.

Seller is closing Mid June unless the newly formed Co Op can find financing to buy the property themselves.

I believe the OP is buying in St.

As I am sure  the OP knows one default and they all default plus default interest etc etc. 

Resurrecting this post in the hopes the OP @John Doyle  or @David Romano might be around or others in a similar boat.

If OP's current carrier denies the claim (that's where he needs a good, experienced roofer), then he will have issues switching over to a new carrier with that denied claim on record. 

The 30k custom granite backlit monument sign on etched italian marble announcing 'The [your name here] Group' is a great photo op for your Facebook page but it mostly it is just an irritant to your landscaping contractor.  

Then you've opened Pandoras Box and you instantly have the guys in the HazMat suits with fans and plastic sheets all over.....and a bill for $5000 for something you could have done for $50.I used to do this kind of work on the weekends when the city inspectors weren't driving around :-) haha , one time the hazmat guy come down to check for asbestos checking ; it wasn't that bad it's actually 2k and insurance company for that in my case.( To be honest, the house with water damage is good to buy because it scares the potential buyer, but if it's located in good location we could sometimes purchase the house with 10-30% discount lol but nowadays even FTHB knows this secret too so they still overbid the house )but yeah, to the OP, if you want to be sure you have to cut the drywall, the more the better.

As far as the OP - I know realtors are hurting where I'm at.