Did you have issues paying contractors or managing the draw schedules with them? 

Has anyone been able to have a real estate attorney draw up a lease that allows eviction in spite of any government mandates? 

Both because I think they're great comments and also because I know both of their backgrounds - they have a lot of experience and data to draw from.Since the OP (@Maya German) asked for input, I'll share mine too: You should imagine what your future looks like 5 years from now, and use that to make your decision. 

When hiring a GC, make sure you are both clear on when draws will be paid.  

I draw the contracts up for 6 months if its simply a cosmetic remodel but we get in and out pretty quickly.

We had to have a PE go out and draw up plans and have a GC put beams in.

Sorry about the liability.Look If you own it then the legal aspect doesn’t matter as far as selling or buying I’d rather remain anonymous and in business sometimes  you don’t want to draw attention to yourself  or open yourself up to be litigated against   

An LLC will be formed for the group.Questions:1)If Partner 1 is using equity to provide the cash, and are thus paying interest to their banks due to drawing on their line, do they charge the LLC a higher rate for using the money?

It's basically a regular credit card that is backed by money that you put in their bank that they draw from.

I also always get a local street map and pin it to my wall (yes, old school) to identify the areas I'm interested in at-a-glance.