then you really don't have a problem...except that you are forced to switch horses in mid-stream which I know is not desirable....A new GC will not always charge so much more to take over a job mid-stream, it just depends on a lot of things (like the original GCs reputation).I would get a release (of sorts) stating that the original GC will warranty the work that he has completed and that the new GC is not liable for any work not performed by his company.

Personally, I'd like to see the return of more streamlined processes with the lenders (at least more so than they are now!). 

For materials and/or services for any of my investment properties where the contractor/person does not give me a receipt, I do one of two things:1).

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

With the rental being part of your primary residence, a majority of those activities such as lawncare and maintenance would just count as personal activities anyway.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Hi Sohail, I've got a great commercial lender that I have used personally and my clients have used for various commercial deals.

I've done both personally. 

Based on the desired monthly payment, we use a financial calculator to determine the necessary terms to achieve that payment, considering the price the seller is asking.If interest rates are not specified, our initial offer includes our desired monthly payment along with their asking price, with a balloon payment due in year 20.

Another issue is these homes have standard 15-30 year loans in my personal name ..... so that is another issue !