I would figure all the bookkeeping, phone calls, coordination, etc. wouldn't need to have a license to perform those acts and you could just sign a contract per say with the owner saying I'll provide X services at X fee that I bill you for every month.I even considered going underneath someone else's broker license and just build up from there but the fact that they are going to take a big percentage of my already small percentage off rent just irks me when I'm willing to just build off my systems that I have already built/tested. 

You'll have an asset manager/s with nearly inexhaustible resources to run the business plan and keep an eye on key performance and economic metrics that would indicate the necessity to execute a contingency in the business plan. 

Let's call that my "actual proforma" (which sounds like an oxymoron but it's basically a projection of what my actual building's financial performance will be).Thanks for chiming in.

A hydrostatic plumbing test is recommended to be performed by a licensed plumber post Foundation work.

The cash flow on the 5 would certainly out perform the 4. 5 units also spreads your monthly revenue out over more tenants giving you more cushion from vacancies.I'm curious about the reason someone told you to go with 4 units. 

GCs tend to spend their time providing pricing on jobs they intend to perform the work on.

July is a long ways off and the performance of the asset could change which will dictate your loan options.

This would be a performing note and pretty much everything about it, included the "price" is negotiable.thanks! 

We did perform due diligence and ran all our usual checks including a background check and financial history evaluation. 

In my account I had about $1200 and to be honest i'm not sure what it is at now but I know I put it on an aggressive plan that has performed poorly.