Once you know the answers to the questions above, you can better evaluate bids you receive.

@Ivan WudexiRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

In my eyes, this project is as risky as it gets, even though the borrower was also a real estate agent that was waiving the listing side of the commission.

Also, consider the benefits of long-term capital appreciation and building equity as you pay down the mortgage.If you have questions about this process or need information on financing options as you expand your investment, feel free to reach out.

Real estate contracts in Texas are produced by the Texas Real Estate Commission, ie, the government.

This deal was financed through State Bank of Missouri as a Commercial Loan through my REI, Alpha Baller Real Estate, LLC.

Two questions: Do you think the scenario sounds right, or is there anything else to pay attention to?

I've been using it for a while now and it has so many great features, many of which you are touching on with your questions. 

I'm Lilach, a real estate investor since 2018, I love real estate and I love people and it's really goes togetherso let's connect and help each other do and reach great things!

@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust.