having a local commercial Banker is key I would never go with a national HML for construction.. unless I absolutely had to .. like right now I am at 1/2 point and 7%  for my vertical loans no junk fees and my bank even pays or the appraisals . :)  these are not credit score loans ( I mean I have a credit score) but thats just a formality its all about capital and relationships with your bankers and deposit relationships thats key as well.Yes your relationships with sub contractors will be a huge factor in profitability, both direct and indirect. 

Separate accounts per property incurs a lot of overhead, such as minimum balances or fees for missing the minimum.I use separate accounts for each tenant's security deposits.

Brokers and attorneys often prioritize closing deals quickly to collect their fees and move on, which doesn’t always align with your goals.

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

You will likely lose 2~4 months worth of rents + court fee. 

I'd have the PM send notice to the tenants that it was brought to the owners attention and they've waived the fee and thank you for being good tenants.

The legal fees and filing fees for the Reg D package average about $10,000 or so.  

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.

If the property sold today, after 1% cost of sale there's only $2.5 million in cash coming from that sale and that's assuming that there's no exit fee on the loan and no outstanding payables. 

There are freelancers that do work for engineers & architects who are already familiar with their work and can review and stamp for a fee as well.