Each PHA has their own rules and procedures for this.

They can ask you questions that you might not though of, e.g: if a team member wants out - what's the procedure?

Establish a procedure that works for you, then write out that process so there's a baseline for each tenant application and a repeatable guideline for future scenarios.

It depends on the housing authority's procedure.

That lease will have been used in eviction cases for years, all sorts of disputes and added too and massaged by the lawyers to fit what they need. 

Lengthy loan procedure and documents !

With the volume of projects we produce, we aren't in the business of massaging sites over the long term.We need to build within the next 12-24 months, or sooner, merchant build style apartments deals. 

In judicial states, you have to go through an expensive court procedure and it might take a year or more. 

Keep trying even if I'm the one not following "normal" procedures in my area.

They are responsible for finding the deals, doing the due diligence, setting up the financing, raising the capital, creating and executing the business plan, dealing with the operational challenges that can come up 24 hours a day, managing the cash flow, and ultimately distributing the profits to all of the partners throughout the hold period.Good General Partners have been involved in the business for years, and they have perfected their business procedures to make sure the business plan is executed as effectively as possible.