I'm not sure I'd have a PM oversee another contractor but I would probably have them involved at some level especially if you are working long distance.

I currently have property with 1 acre and we are planning on building townhomes on it, but not sure how to get started.

Learned this the hard way.

Keep reading, listening to podcasts, and learning from others' experiences to refine your strategies.Consider Your Financing Options: Explore different financing options, such as conventional loans, hard money loans, or even partnering with other investors, to find what works best for your situation.I'd love to connect and share more insights as you embark on this journey.

We’re eager to learn and would greatly appreciate any advice, resources, or connections you can offer.

Lessons learned?

Lessons learned?

This is an overwhelming situation and I'm not really sure how to navigate it.

Sure it will cost you some $$, but it will probably be more if you keep them.Consider moving out of Cali, or at least go OOS with your rentals.

Pointing back to #1 above, let's first make sure that we're comparing apples to apples or at least to some other fruit.