Set your own minimum standards, don't let the bank decide that for you, and you may find yourself not living paycheck to paycheck.Oh and don't be surprised when the bank teller makes a funny face when they read your account nickname next time you are at your local bank branch.

The off-the-market owner & his project manager realized a price discrepancy 1 day prior to closing and they informed the title company to not to complete the Master SS.How long can sueing a seller under specific performance take and what are some options ?

Ideally this is research you perform as part of your underwriting when deciding to build the JADU.  

I am a big fan of it and you managed to do without with very little money down! 

Decide which one you like best, and use  that to submit a purchase contract, and have lender number 2 on the backburner in case lender 1 falls through. gl my dude

Hi @Janna Afanasjeva - I am almost positive you just need to keep all the accounts completley separate regardless of business or personal account and it needs to be an interest-bearing trust account (or something similar).FOR SURE @Mark Ainley, @Jared Kott, or @Jason Marcordes could answer that question for you as they are all local property managers.

However, I work remotely and could decide to invest somewhere else.

How much should I pay this person to manage the project and hire subs?

I can inspect it and pay someone to manage it but I am on a steep learning curve for building it.

Long-time Virginia landlord and property manager here.