I'm sure there are, but I'm willing to trade that for the learning and experience  before heading out farther afield. 

The statement had me a little confused  I don't want to speak for anyone else, but I think what he's trying to say is what some other's are most likely thinking too.....you choose to live in, and do business in, a state that is very, well let's say, Blue, and therefore you gotta accept the consequences of that.....

You may even consider a written agreement where both parties agree on who does what, deadline, consequences, etc.  

Say the building trades at a 5 cap (this can be higher or lower depending on the exact asset), the $240,000 of NOI increase would be worth an additional $4.8M of increased property value. $200 per month can really go a long way here.#7 – DiversificationWith active investing, you yourself would need to be an expert in the market and asset class you’re investing in.

If you did not state in your contract that you "require" a detailed invoice --which is likely--, then the contractor could invoice it in any way he deems it, if you required a "schedule of values" and that you need materials and labor break downs per room or per trade, then he needs to comply before you pay, or hold a retention fund  for the paperwork completion (most likely 10%).

. - The consequences of commingling funds should have been addressed at the preapproval stage. 

I also wrote an article in a trade magazine about the pros and cons of mixed use.

I am willing to trade a few percentage point in interest for that.

My favorite piece of advice: "Don't take advice from someone you wouldn't trade shoes with."

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