This is to protect the developer's interests (money) until the last unit is sold by including at least one clause that establishes a min sale price by any member). 

On the other hand, as you mentioned, it seems like there might be some forced appreciation potential with the R3 zoning and the large lot to consider. 

I'm not sure about the laws in your state, but in CA, if it is established that you knowingly did not enforce certain aspects of your lease, they become null. 

It also establishes rapport with brokers and other investors at meetups and gatherings because when you mention cap rate somehow people know you're in the biz :-).

Yes, absolutely stop doing that, deceit is not the way to establish any business. 

While I do think that good tenant screening has a lot to do with solving this type of issue, people still can get on each others nerves for whatever reason and in the long term this could (in my mind) jeopardize the likelihood of repeat residency and could just be an overall headache that no amount of tenant screening could solve. 

I asked my contractor and it would cost a lot to separate heat for each floor.

, I was a seminar junkie - couldn't get enough - but I had a problem - I wasn't making any money, I didn't have lots of cash and wasn't established enough to have a great credit score. 

Establishing a network for financing, repairs, and future purchases will also be on the list during the initial year.

What is the total cost that you would pay to have an already established company manage at 10%.