I have a few partners, but went over budget and personally funded the remaining construction costs.  

Please find some details belowAcquisition fee - 5%Asset management fee - 3% of gross incomeconstruction & oversight mgmt fee - 5% of rehab budgetdisposition fee - 1.75%guarantor fee - 2.5% of loan amountPref is 10% with 60/40 split unto 15% IRR and 50/50 there on.This is my first deal in the RV space so not sure what's the norm, so would really appreciate some guidance/feedback. # of fees looks standard but the % are slightly higher than what I have seen in the past (1-3% being normal).

They drove up for a week to look and managed to rent a 2 BDR in a 3-plex for $1650.

I was wondering if any one has experience with obtaining a VA construction loan.

I'm a real estate investor and property management company owner in Austin.

We were thinking about having a management company or other professional help generate a letter with details about the scope of the work.

Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

I would caution against getting a partner, there are some real downsides no matter who it is, I’ve been through it with great people and it can be difficult to manage two visions.

I have used the PMS Avail for the last two years to manage my units & screen all potential tenants.

We manage only 2 units with hot tubs, which are a great value add.