1) Create a new term sheet that splits up the equity between yourself and your partner in accordance with their percentage of ownership. 2) Decide who will get what type of financing - if one person wants fixed rate financing while another prefers adjustable-rate financing, it's best not to mix them together because they have different risks associated with them; 3) If there are multiple investors, make sure everyone has an updated agreement reflecting the changes in ownership percentages; 4 ) Have a conversation with the person who is going to be taking over the loan and make sure they understand what type of loan they can afford to take on.

It is cheaper for a bank to pay a broker for a loan than the bank to hire personnel, have brick & mortar, HR and myriad of other costs associated with a large scale included bad public relations when the layoffs come with the next recession.The price you get directly from a bank is called “retail price” since a bank is like a retail store.The price a broker gets from a bank is “wholesale pricing" since the broker is bringing lender and borrower together. 

When you get your degree in electrical engineering you'll likely move and get paid excellently right out the gate.

If you want to raise some $ and do joint ventures, track record and experience mean way more, but a degree adds, but doesn't subtract. 

More degrees of separation but same results. 

My wife and I run a STR, but we are in the area and do all the work associated with it.

Construction/rehab numbers is an area many new investors “guess” and quite often fall very short, sometimes to the  degree the project is failing before the ink on the closing papers are dry.  

ShawnYou mention the HOA rep, is this a condo association?

Obviously, property development is hard unless you have the proper local associates and connections and have access to financing.

This would pull up a list of names associated with the address and then you would just scroll through until you found the name you were looking for.