My intent is to help people keep legal and out of trouble.

Outside of the legal ramification that come from attempting to Wholesale you will have many more earning options as a licensed agent.As for strategy they are both similar.

As far as your costs, don't forgot about permit costs and costs for an architect to draw up plans (this might be in your estimate above).

I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/or other legal proceedings whatsoever and cost incurred therefrom in connection with the management of the Property and from liability for injuries suffered by any employee or other person whomsoever, except in cases of willful misconduct or gross negligence on the part of Agent or its employees, (b) The Owner shall indemnify and hold harmless the Agent from and against any costs, loss, expense or damage (including attorney's fees) suffered or incurred by the Agent arising out of or related to the enforcement of this Agreement arising out of a default or other breach by the Owner, the management, operation, improvement, alteration and leasing of the Property, including all other activities arising out of or related to Agent's duties under this Agreement or as a result of any act or thing done or permitted by the Agent or its agents or employees; provided, however, that such indemnification shall not apply to any such cost, loss, expense or damage to the extent that the same relates to or as a result of conduct by Agent which constitutes willful and wanton misconduct.It seems like if one of the Property Manager workers (aka Agent) slips and hurts himself while cleaning the floor the "Owner" is then responsible. 

Raising capital has important legal considerations so seek out a competent attorney w/SEC experience in doing syndications. 

Do I have any legal recourse here?

On the surface, I feel like this is dodgy, but I cannot find any legal reason not to do this. 

We went to a lawyer’s office whom completed the legal paperwork for me to be added to the deed.

Since I was legally required to wait until the 15th of the month to give the 3-day pay or quit notice- and couldn't enforce my late fee or indemnification clause - I decided to pay cash for keys and get the unit back Nov. 8.

It takes a matter of 4-6 weeks to get permits.