If you're confident in your numbers and made a fair offer based on them, you're not "missing" anything.

This area contains old (1970s) housing stock, mostly smaller ranches with some functional obsolescence and a fair amount of crime compared to other places.

I've been starting to look into the Tampa Bay area but was wondering if anyone could give me some advice on how to accurately estimate construction costs and ARV in a new market, as well as on how to make sure you get a fair price on labor.

I had some real losers in there to begin with, despite a fairly thorough background check.

We agreed to split profits 50-50 with the monthly maintenance allowance available to me as-needed.My issue is that I am having trouble figuring out how to set everything up legally to make it fair for both of us. 

However, my contractor just happens to own a 3 or 4 unit on the next block and he said he's managed to keep students in his rental rotation fairly easily. 

If you don't want to go through 5 different contractors a good PM can probably give you a written opinion on the upgrades needed.This should help your family members understand what a fair number looks like, so nobody feels taken advantage off.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff. 6.

There are a lot of multi family properties in Charles village but they will fairly expensive and probably cash flow poorly by my standards.

There are lots of different types of "dementia"...it sounds like they are moving toward the adjudication process of formal guardianship, which is likely the right thing to do.In the interim, you can explore different types of guardianship, like "ad litem"...just consult with an attorney and I'm sure you guys can figure something out fairly quickly.