The property manager will be involved for years, and they want it to be something easy to manage.

Because first and foremost it requires you getting INVOLVED, putting in some rep's, and if you won't get involved and won't put in the rep's you will never, I repeat you will NEVER succeed in investment real estate or any business venture EVER, full-stop. 

I got so involved with real estate that I decided to get my Real Estate license in March 2020.

Short-term rentals (STRs) offer a way around these limitations by being considered active income if you meet certain material participation requirements, such as working more than 500 hours or 100 hours, surpassing anyone else involved.

Being deeply involved in the local real estate market, I stay connected with wholesalers, realtors, and local investors who often share opportunities.

The older I get the more deeply I feel connected to this idea of only being involved in Win-Win situations. 

The borrowers could be paying their mortgage to scottsdale or scottsdale most likely sold the loans - when you invest in a syndication you have rights to manage the specific assets unless he gets a court order which there are also many other investors involved. 

Getting multiple contractors involved will be your best bet to get a reliable estimate, though you need to come up with a scope of work.

Did you ever have to get a lawyer involved or did it not go that far?

There is a Fund of Funds involved.