What has everyone been doing to deal with this reality?

congrats on your new deal!

We do have our account reconciliations audited by a 3rd party quarterly, which helps catch errors before they impact our clients.Highly recommend any owner dealing with a PMC discuss with their PMC and their tax professional, or an expert like @Sean O'Keefe, about how to improve processes and communications to make this process smoother:)

We'd love to help fund your deal.

It might be easier to look for a partner to put up the capital if you find the deal manage the renovation and other time intensive activities.

It’s been an absolute time waste and incredibly frustrating experience to deal with this bank.

If you plan on a long term month to month it sounds like the HOA is part of the deal killer and the second part is the price versus rents per door. 

But if the deal is worth it to get you going, just do it!!

I look forward to posting updates soon about any deals that I can bring to close along with what I've learned from each one of them along the way! 

I learned a ton in this process since it's my first new construction deal.