Or if the event never occurs, destroy it like it never existed.In states where a deed is effective immediately upon execution that would not be possible.Of course as stated previously a pocket deed if recorded does violate the borrower's right of redemption and the right to have a property sold at a commercially reasonable foreclosure sale.

The contractor will give you better pricing the more you use them, some GCs increase their price, but those are the ones you would like to not use (side note, of course with inflation you need to pay your people right, but it needs to be reasonable).

On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this

We also do a property orientation and show them how to operate the house, change filters and batteries, turn off water main - and of course the mystery of GFCI outlets

This would affect the LLC payout but not the Fund investor, assuming the note is sold for more than the underlying loan of course. 

And it occurred to me that by purchasing this property I'll be increasing my monthly cashflow 25% going from 400/mo to 500/moOf course I'm not considering this in a vacuum, I have other factors to consider like appreciation, principle pay down, etc.

It also has the benefit of being local which is great training wheels as you learn how to be a killer host.Now assuming that you mostly want a cool property to stay in sometimes near water and don't want to spend a ton of time managing I really like the outer banks in NC.

Of course the risks are there that the owner will not renew the lease and start doing it themselves if you are successful.

How long (Months, year) does the training run and what is covered. 

Of course, there are plenty of calculators out there, some are good as well, but since the question is about Dealcheck, I can say that is a great one.