My suggestion was going to be to prorate the monthly rent for sake of starting the relationship on the right foot. 

It’s just interesting that most (imo) financial frauds actually start as legitimate business deals.  

Total CAP rate on the POH income is one way, CAP on the pad return is another and then of course just buying the trailers and rolling on from there. 

I am based in Vancouver, BC and am looking to start my REI journey.

Once your construction loan starts, most banks will not extend any more credit once construction has started.  2.

Thus, my lesson learned of walking the job with the inspector prior to purchase…or at least prior to starting the work.

I’ve found it best to start over from scratch but maintain the old listing title and cover photo for a short period of time to get any potential guest transfers.

Greger   In addition to the great advice above, most lenders will require proof of funds to start the project, as you'll have to "front" the rehab funds to get started, then the property will be inspected and the rehab funds released from the lender according to a draw schedule.  

I started out with a smaller deal to reduce the overall risk just in case since I still wasn't 100% trusting.

It is worth having the conversation with them on the front end once you start talking with lenders.