As a project manager (and if you are running your construction projects, or an owner doing some of the work on site, you are THE project manager) you need to have a plan for the entire project in 3 different areas: Scope- what work is to be completed on the project to achieve the desired result, Schedule- a reasonable expectation of time required to accomplish the scope, And budget- the money needed to actualize the scope within the defined schedule(also known as the project constraints)There are many ways to deal with all of these constraints and different projects require different strategies, but the important thing to remember is that the 3 constraints are tied together- if one changes, the others need to adjust as well.

So closing with a title company should not be negotiable. find out if there's any liens or financial dedications tied to the property.

Ryan Alexander So I’m a little lost on one aspect: Is there some tie between them homebuilder and the property manager?

Divorce, eviction, or foreclosure lists should probably be hit more frequently since the motivation is tied to a timeline.

I am trying to figure out what would be a good price to offer since I will have a lot of cash tied up in this deal and it will take a long time, I am also wondering if I should offer right away or wait for this house to sit on the market longer. 

I've read a bunch of your posts about not buying cashflow with equity, dead equity tied up in a a house, etc.

A Homeownes quote will tie to your personal credit and has many beneficial coverages to cover your personal beliongins, etc...But the annual cost can be more than a Rental Dwelling policy.

That’s a lot of money tied up in a single unit at least in my area.

You are choosing to add an additional expense in order to free up capitalIf the concern is not wanting to tie up capital, then please see my 1st point… “The only reason to partner with a bank is…” Again I realize I am over simplifying here.

I agree with the post that say cut ties as soon as possible.