You can't make a dime for many years due to the small fee's generated.That's why you will find many PM's running a shady operation and trying to optimize via other means like offering rehabs, realtor services, etc...I call this the "jack of all trades and master of none".But I get it, folks gotta eat so as long as they stay honest, it's ok.We aren't perfect and make mistakes but those mistakes are honest ones.Thanks again

As the project went onwards (and consequently remained delayed), his communication and attitude got even worse.

Best rule of thumb there is:The more likley you are to be in an area that you'd want to live in, the worse the numbers.So you have to decide what trade off you're willing to make.  

Will they re-trade terms?

This is more like buying a car with a big trade in AND financing it.

Only you can know the answer, but I do recommend you treat it like business with a written agreement, consequences for violations, etc.

Realize the trades (plumbers, HVAC, electricians) are expensive.  

Consequently, the agreement between BUYER Assets and MR X or MR X LLCs is void. 71.

Some might be cryptic when it comes to openly spilling trade secrets but New York where it seems you are located is a major financial center.

Next they will be refinancing these out and these properties will re-trade again when the next shoe drops.