Hi Alex,You're off to a great start, and it’s awesome that you already have clear goals in mind!

Hi Nedim,It sounds like you have a clear vision of your goals, which is great!

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

•Get clear on your end goal ASAP so you align the rehab with it.Ultimately, there’s no universal “right” or “wrong” answer here—it depends on your situation and goals.

Quote from @Bryan Maddex: Hey @Shawn CallanI sometimes cringe when i see some replies to threads so lets clear up a few things. 

It's possible the engineer is agreeing to take on the ENTIRE development process and manage the entire development of the project but that would need to be clearly defined in the roles and responsibilities of the development partnership. 

Having a clear financial strategy laid out helps, especially as you plan to transition full-time into entrepreneurship.

@Edward Suess-HassmanTo make sustainable investments, set clear goals, research markets outside the Bay Area, consider creative financing, learn from others, build a strong team, and use educational resources.

And still have them sign a lease like you would everyone else, so it's all clear up front.

The wire instructions I received were also different from the entity listed on the contract, but in my case, they explained that the funds needed to be sent directly to the contractors handling the rehab, which aligned with the project’s structure.I proceeded, and everything went smoothly, with clear communication and regular updates throughout the process.