Let us know how it goes and the way you ended up going with. 

Neither of these diagrams represent the way our business is set up, nor how most of my colleagues have them set up. 

Hey Patrick, I actually ended up just meeting with my town's code enforcement officer and confirming everything with him. 3 other people in my town have used this program so far to build separate houses on their lots, so he had some experience with seeing the process through.

I'd also put up a notice and have them call the old PM to confirm the change because there are too many scams going on.For the monthly fee, prorate it and determine a fair price for transferring funds and setting things up.

I got rid of about $2,500 worth of trash out cost but then some one can in that night and took all the appliances ...lol Wont do that again or get an alarm.

We are still under construction but we ended up having to do everything including sub flooring, attic, roof, HVAC etc.

You will need to come up with an additional 15-25% of the LTC to get the loan.

Now, you need pages and pages of documents signed and notarized and you still are not sure if you are dealing with an honest person.There is certainly more than enough money in the investor arena to go around for everyone, but many people choose to conduct unethical business anyway. 

You can attempt to raise from a 506c but it will cost you $25k to get started, then if you did get your first $100k  and you are paying them 10% and you are making 12%, - great you just made $2,000 and that is assuming you were able to fund an entire deal immediately and have zero holding or carrying costs. 

Look, it's simple, how much does a tenant nightmare cost?