I was able to floor the entire house 1,000 sqft house for $1500 including underlayment.

Clear financial arrangements, including financing terms, usage scheduling, and ongoing cost contributions, need to be established to ensure transparency and fairness among co-owners.

Bought for $157,100.38 *** ***  ARV $245,000.00 5 bed 3 bath – Phoenix AZThese are the numbers from the HUD statement Bought for $157,100.38 *** * ARV $245,000.00 Existing Loan Amt Payoff $118,145.37 * Subject To $118,145.37 **** Closing Costs From HUD Title $1,045.00 Escrow $1,400.00 County Taxes $538.38 Recording Fee $120.00 Cash to seller $10,000.00 Misc other charges $525.00 Total Amount Due $ $13,628.38 *** Arrears To Bring Account Due Total Number of Missed Payments: 11 Total Payment Amount $10,095.47 Unpaid Late Charges $146.84 Additional Amounts: Foreclosure Fee/Cost $354.19 Unpaid Advance Bal $1,101.75 Total Amount Due $ $11,698.25 *** FHA Loan Mod 2nd $11,582.44 *** My Out of Pocket $36,909.07 *** Total Cost Basis of Purchase $155,054.44 ARV (After Repair Value) $245,000.00 Repairs Post Purchase $ 5,000.00 +/- Unrealized Profit $84,945.56 *** Equity (ARV minus Subject To payoff) $126,854.63 *** I strongly recommend having 3 months reserves as follows: Monthly Mortgage $917.77 (Taxes included) Electric Monthly $362.21 Water & Sewer Monthly $102.80 HOA – None $0 Reserves3 months mortgage payments @ $917.77 per month = $2,753.313 months Electric payments @ $362.21 per month = $1,086.633 months Water payments @ $102.80 per month = $ 308.40                                                            Minmum Reserves Total $4,148.34Then I turned around and sold it on a Lease Option for $265,000 getting $20,000 down on a nonrefundable Option fee, and rent of $1,900 a month. *** My Out of Pocket      $36,909.07 Option Fee To Me      $20,000.00 My Adjusted Out of Pocket        $16,909.07 ****** My Cash Flow  *  $ 982.00 monthly **So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.

Floor 1 and stairwell in 2021 and then floors 2 and 3, and exterior including decking in 2023.

Since this is the "Conventional Mortgage" forum that usually means we are doing long term rentals so I will answer this from that perspective.I wrote an entire post on this topic, including all of the questions you should be asking your lenders, that you can find HERE.  

Today we have 4 house with 5 doors, including 3 single family houses and 1 duplex.

Do a cash-out refinance to tap some of your equity to include paying off your heloc and other debt.From a lender’s perspective, when buying real estate using a heloc for a down payment, the new payment for the cash advance on the heloc is calculated into your overall debt-to-income ratio.

Tax mitigation strategies for sale of rentals include 1031 exchange, Sec 121 exclusion, Qualified Opportunity Zone, more things, ...

The purpose of recording a document, be it a deed, mortgage or option, is to give the world, including purchasers, constructive notice its contents. 

This sounds like your PM needs to be held accountable, for screening residents, verifying identity, payment informantion, etc.