Now to be fair the company we are funding is a Civil engineering firm with deep experience..

Spokane has recently changed zoning and development policies to be much more friendly to making additions so you won't be fighting too much red tape.

If he’s refusing to provide that, I’d take a close look at your management agreement to see what’s actually required.If he keeps pushing back, that’s a red flag.

Just make sure it is not deep in the ghetto, as there is a lot of bad areas in Cleveland.

Too many times pictures of the property do not tell the entire story - from foundation issues or rat infestation inside the walls, if a wholesaler will not at least let you walk it and wants to make the EM hard, those are red flags you can not ignore.

Evan your point about wholesaling is a good one too, I have to admit the red flags did go off for me a bit but I figured it'd be worth seeing what others had to say.

What Nathan said.You are following the red herring of the (real or imagined) roach problem, but the tenant just told you they cannot afford a $35/mo. rent increase in an under market rent apartment!

High probability you won't have cell phone reception if you're close to HH Park.3) Our money could buy something nicer in the Red River Gorge.

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

What’s required for success in this is deep knowledge of real estate in general and the area in particular; experience in real estate and the local laws, etc.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.