Regardless, I would request all the documentation of the tenants during due diligence, ensure payment history, vet them as you would and then you can consider removing any prior to closing that you would not qualify based on their application.

We plan on working with an attorney and ensure a proper OA is drafted. 

You made a good point about debt and ensuring you don’t over leverage a deal because you leave yourself open to more risk during an unexpecting down turn in the economy/industry.

Because of this, owners will typically keep these utilities in their name to ensure on time payments and bill the tenant on a monthly/quarterly basis. 

So it’s best advised to be judicious about posts and ensure your own comforts with anonymity.Like I said, bad luck finds you if the door is left open and too bad that OP ran into it.

Then you "might" need a GC for a few days to ensure Bob the sheet rock guy doesn't show up to start putting up the walls until Larry the plumber and Joe the electrician are done working in the void between the studs.  

ensure you understand the rules. also understand any income laws in PR, plus any additional tax filing considerations.

Remaining vigilant of market conditions can allow you to modify your strategy, and adjust to ensure you can still achieve your overall investment goal even in challenging circumstances!

Remaining vigilant of market conditions can allow you to modify your strategy, and adjust to ensure you can still achieve your overall investment goal even in challenging circumstances!

Number 3 in particular is new territory for me and I have the following questions.1) What resources are recommended to explore what structure (LLC type) is best for our collaborative to ensure all interests are protected?