Is it recommended to purchase a PPM Template online to give to your SEC Attorney to review/edit to save time and money of having the attorney draft from scratch?

I could be wrong or out of line, but I feel like this is a field where you really need some good expertise/experience to know how to address the variety of crazy situations that will come up.

If your investment is in a community that requires cameras, then it's not a safe community to invest in.

There are thousands of LA-area investors here on BP.3.

But where do you draw the line between a reasonable monthly fee and "OMG That's outrageous!"

I would review all the cost of capital for the sources you have, example would be:- your cash - while it seems free or zero cost your cash should always be assigned an opportunity cost such as 4.25% sitting around in a savings or CD account with no risk as your min cost of capital (cheapest source of capital)- personal lines of credit with no security or asset backing it or called signature lines or signature loans at credit unions and community banks, these are usually prime + 2-4% so probably 9.5-11.5% roughly- HELOC's or secured by real estate, lines of credit usually prime + 0% up to prime +3% or so, 7.5-10.5% rates- fixed mortgages on your real estate like a cash out refinance at the moment can be around 6.75-7.5% 30 year so this one costs some where between your cash above and your lines or personal loans.

Quote from @Vi Huang: I was wondering if anyone can please give advice on how to get my contractor to finish up my project.

I discussed with my tax person and decided to use 39 years just to be safe.

A knowledgeable broker could arrange this professionally, at a safe loan-to-value (LTV), ensuring the quality of the borrower and the property, with vetted paperwork, and recorded in 1st position.

Are you looking for turn-key properties or something along the lines of a "fixer upper"?