We have been through 3 contractors at this point. 2 backed out due to the way the payment works on this loan and one didn't give a reason just stopped responding.

When we do the construction loan, we'll take the cost you paid for your lot, your soft costs (plans, permits, property prep, etc) and add it to the build costs (keep in mind, we'll make sure those amounts are fluffed and that they make sense).

I’ve requested financial statements, tax history, utility costs, and information on the property management company.

Costs a fraction of the funds compared to hiring a cold call agency.

Yes this is a critical reason why self managing out of state is very difficult to execute. 

I would not rely on a Land Trust for various reasons like the perception of deception. 

The purchase price stands at $229,000 with an estimated rehabilitation cost of $50,000.

You are out a booking for a reason that is weak at best. 

So, I have no idea how much money I owe for 2023&2024, how much money is actually mine, how to take advantage of tax deductions/credits/RE professional Status/ renovation costs/perform a cost segregation, if I really need a wealth manager at this point and how to take out my retirement investment and move it to a mutual fund I run independently.My ultimate goal: create systems for my corps to run smoothly and optimize business-related expenses,  keep my books up-to-date for both corps so I know my input/output, pay quarterly taxes throughout the year, give myself a modest monthly income and  continue to preserve/build wealth and grow my RE PORTFOLIO!

Of all the coastal States (Cali, Florida, Oregon) I've lived and invested in, by far the lowest carrying costs are in the latter.