I can not properly evaluate your deal with provided NOI.

If you have an investor lend you money - that investors is not in a flipping business, he is simply a lender, loaning money to you.Let me reiterate what I said earlier: you should contact a professional and discuss your situation in details to get a proper guidance, you can only share limited amount on the forum... based on the above discussion I can't say that I fully understand your business model, if we were talking on the phone that would be a different situation, I can ask any clarifying questions I need to get a full understanding in order to provide you with correct guidance...

A pre-transaction review would be meaningful and most smart investors will ensure they have proper guidance in advance of embarking on a new venture, but any custodial requirement for such would be entirely impractical.Further, most custodians requesting this are fully aware that some LLC providers are actually providing the review service and others are just allowing you to sign off saying they are your reviewer when they have no real intention of performing the service - at least not in a meaningful way. 

Whoever records the lien first has Senior/First Lien status all other liens are Junior to the First/Senior lien.There are some Super Liens that jump in line for some states like HOA, Municipality and Tax Liens for example.Hope this helps.Jeff VIn Oregon a properly filed materialman lien is a super lien.. not sure I know any other state that is the case.. so contractors who are on the ball and go through the proper steps to have a valid mechanics pre lien .. if it becomes a lien it jumps in front and the lender will cure.. ask me how I know  LOL 

Sub mitering is expensive f you want to properly separate to 12 meters., only the city meters can cost $600-$700 each, plus labor and other materials. 

For me, as a social media marketing coach/teacher, it's all about the proper marketing and being where your buyers are searching.

I believe prior proper planning prevents piss poor performance.

We are looking to expand our portfolio, though we are unsure what our next step is.

Let me expand on that.

Consult a local real estate attorney to make sure your rental agreement is airtight and has you properly protected.