They have property managers on-site who report to them if any problems arise, but they are looking for someone who will actively visit the complexes each month to see if everything is running smoothly - just an extra set of eyes.

Overall this was a pretty smooth flip for us - we've built an incredible and deep network of contractors so everything went according to schedule and on budget.

So at this time I would lean towards the conventional loan and save the entitlement for a future purchase if you want this to go smooth.

The GC needs to be there to ensure everything goes smoothly.

Its all about a great contractor that already knows the process and paperwork will really make the process smooth!

I followed the instructions at this link and it was very smooth (took less than 30 minutes!)

I agreed (though with some hesitation)--and the closing went smoothly.

No matter how you try and wrap your mind around it, if you're not going to be there, you're biggest risk will be trusting the other person on the ground, presumably your contractor, to ensure everything goes smoothly on time and on budget.

Just need to build the right team of people to help things run as smoothly as possible.

They are switching banks as of the end of Nov, 2023 and it's creating a little anxiety on how smooth a transition that is going to go.