What happens if one partner wants out and the others don't - will you have a first right of refusal included? 

or includes back pay to my reserves acct and deposit to qualify for loan?

I meant if leases are in place and the building is being professionally managed, underwriting may be willing to include the rents in your qualification even though you don’t have rental income on your tax returns yet.  

Yes, backup strategies include selling off the property after rehab.

Did you have a scope of work contract including schedules, milestones, and payments? 

My experience includes some construction work overseas and listening the Bigger Pockets podcast the last 48 hours.

It was full of people I didn't know, including the daughter (home on a school day), the older son playing Grand Auto Theft for hours (had lost his job).

And then have everyone sign it, including yourself, and everyone gets copies.And Tenants C and D need to pay the FULL pro-rated amount on Oct. 1st. 

As an attorney, I represented developers, REITs, multi-national corporations, and local governments in all aspects of real estate including asset acquisition, development, leasing, and disposition.

My total bill last month was $2800 which put's me on track thus far for over 33k per year not including tax returns.I should disclose that I have another business that keeps me traveling pretty much half the year.Our Real Estate business operation looks like this:Property manager handles tenants and collects rents, he deposits all rents into our accounts and coordinates the rent roll with bookkeeping, they cut him a check for his gross collected rent management fee, bank statements are automatically sent to CPA's office for them to reconcile against business credit card statements, they also handle 95% of day to day financial operations from there to include paying contractors, setting up utilities, paying company bills ,bank deposits etc. for 4 and now 5 entities with the short term rental llc.We have a initial goal of 100 doors so I it's pretty easy to see this cost jumping significanly in the not so distant future.