If the seller is doing everything on the up and up and the mitigation company is qualified there should be no problem, but don't take anything for granted. 

Granted the terms may not be the lowest, but for your first property, it would be of value to look into one of these programs out there, rather than waiting for the right partner to come along.

My husband, Grant Nagel, is also in the industry and will start the process of being a realtor next month.

I just started a development project turning a historical mansion into a 10 unit mixed use and I’m wondering how I can take advantage of tax or grant programs available.

We used grant monies to offset the construction costs.

Granted, my experience has been 2 years of running my Airbnb and only 2 months of owning/renting a 4 plex.

He said he will ask MD State to waive the grant, however the grant will not be waived by State.

Granted I'm here in the SF Bay Area where that is more true than most places.

Granted, professional ethics should not allow them to actively deceive you but be prepared to verify any information you are given, either by your own research or by a financially disinterested third party.That said, you should ask about any known physical problems : aging roof, damp basement, due-for-replacement HVAC system. 

Project management personnel are the ones that help manage the GC and subs along with many other tasks.1% of the total expenses for compensation is quite low in my opinion, granted if you are training them and providing them on the job experience, that is worth something too but on a $100k rehab, to make only $1000 for that would not come close to enough to attract most quality people (even if they have no prior experience). unless you are extremely experienced in this field, I would not hire someone new, rather find a quality and experienced project manager and go from there.