I'll second @Jennifer Petrillo about the Midatlantic Summit; It's a life altering event held by @Dave Van Horn.

Llewelyn, excellent feedback and I should have included your first comment as a 3rd caveat; "I would add to your requirements that the Investor does NOT need the cash flow" - which I meant to say.People automatically surmise that zero cashflow for the time being translates to speculation.  

My opinion is ultimately the PM company should be held liable to make sure this vendor gets paid.The PM agreement states: (21) hire contractors to repair, maintain, redecorate, or alter the Property provided that Broker does not expend more than $ for any single repair, maintenance item, redecoration, or alteration without Owner’s consent; Leasing & Management Agreement concerning: (TAR-2201) 6-1-10 Initialed for Identification by: Broker/Associate and Owner , Page 3 of 11 (22) hire contractors to make emergency repairs to the Property without regard to the expense limitation in Paragraph 4A(21) that Broker determines are necessary to protect the Property or the health or safety of an ordinary tenant;3) Should/Could the vendor file a mechanics lien at this point?

If the rent is collected under one person for the time being, he'll be responsible for the taxes on that income and how does that translate to the rest of the partners. 

The skills you acquire will easily translate to building your own multifamily business.

If the answer is yes, then Opportunity Zones both enhance the potential for your own balance sheet, and allow you to redeploy capital from other investments.The two greatest unknowns that concern me are the duration of the investment for tax free gains, and future legislative changes that can dramatically alter the policy.

I don't know if this is translating to oversupply of rental units or just merely meeting demand.

Instead of splitting the land and selling off the dirt and paying off the note, I would like to keep the financing in place and let the rental cash flow, although I realize that is not possible given the asset will be altered.  

The village has done a lot to improve itself and attract new businesses and development over the past few years, which is translating nicely into property value appreciation.

But can anyone refer an investor-friendly lawyer to look over and alter contracts?