Steps to takeReview the contract: Understand the terms of the agreement, including the notice period and any termination fees.

I have written about it before in long past. 2) Yes, no PM and no tenant placement fee consideration.

We already paid them a pretty sizeable entry fee ($30k) to cover some of their equity and debt in another project.

However, there are also some downsides to consider, such as higher fees/interest rate.

I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

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.

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

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

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.