I have spent the last 8 years co-managing a small remodeling LLC, and have an primary background in project management, client coordination and admin communications/support. 

Hello, I am employed full time as a Commercial Property Manager.

A reputable and experienced property management company will often present additional terms that require the tenant to obtain renters insurance and that the landlord be named as an "additional interest" on the policy.

Hey mate,Thick skin is needed on this forum and in business in general 🤷‍♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do. 

Of that 50M, 25M was allocated for the construction of a new recreational faculty that has since been completed.

New construction is certainly a viable option but I am seeing people have great success with the renovation of existing properties.

The LLC structure gives more control to manage the tenants if I remember correctly.  

I’m a local real estate investor, broker and property manager in Biloxi!

They have inflated construction, insurance, labor, and supply chain costs.

No managing your own 2 properties is not property management experience.