Having a reliable team of subcontractors that you trust to deliver high-quality work within your timeline is vital when you begin your building projects.If construction is a new area for you, I highly recommend finding a mentor in your region.

Each piece has a vital role to play.

The insurance premium should be probably be prorated based on in-service date and only expense out that portion. 

I just spoke with paperstac guys today and they also are doing closings now for investor transactions - so if you want to close on a note that you do not know the seller they will handle the escrow transaction portion.

If they do not pay their portion (if they have one) you say, " hey you are breaking the rules of your program, if you do not pay you will " lose your free ride ". watch how fast they pay.

I am in the process of selling a portion of the portfolio but just switching from Class C properties to less problematic Class A properties.

You will also face depreciation recapture tax on the portion of depreciation claimed while leasing the property.

This can be fairly straightforward, depending on your agreement and if a partnership return was ever filed, you'll want to report half or your portion of the basis in the property as well as half the sale price minus expenses.

You have gotten some great advice already in here but I will touch on the guest experience portion and local partnerships.My tips for guest experience:Have a digital guidebook explaining everything inside and near by places to visit.Record a YouTube video of yourself touring the property and showing the details of working things.

If any portion of the security deposit is owed to the departing tenant, they will obtain that from the remaining Tenant(s) prior to departure.3.