Here are some of my thoughts- it would be a very unusual (but far from unheard of) value add that costs $10k to increase value $125k.  

Day-to-day items can sit with a manager under a budget, but big decisions—selling the property, refinancing, signing an unusually long or expensive lease, replacing the manager—need clearly stated voting thresholds (often unanimity for fundamental actions, high supermajority for the rest).

I think you are having trouble because you are asking an unusual question.

It is not unusual to encounter something unexpected in a large rehab, but on real old units you can expect more unexpected items.Good luck

Bunch of poor info in here tonight which is unusual...regardless, OP read belowI've been in this position for awhile - so the first thing to know is that there is STILL a BENEFIT.

The reason it on fire is due to the high number of people buying renovating and then selling in 6-8 months.Then add the new construction on multifamily up to 4 units going up every moth and there you have a unusual superior 3-6 month market analysis that appraisers can use to actually value homes closer to the rest of the US.

In real estate, ChatGPT "quick, straightforward answers" will get you sued.Someone I buy properties at a discount for, ran into a legal problem that was unusual for him.

Going dark is not unusual if that's the case.

That's unusual and it would be very difficult to find a passive investment like that.Also direct control means I know exactly what's going on.

A small negative cash flow while living there isn’t unusual for house hacking.