All in all I would say the biggest red flags that I'm not sure I could've anticipated without experiencing it for myself were the lack of commitment to the project, lack of project management skills, and lack of planning ahead/ anticipating lead-times of materials.

Has anyone experienced this management transition and can comment on any lessons learned/ mistakes to avoid?

As both an investor and local to Wilmington it is experiencing a lot of growth and I think there is still much more to come!

Just experienced, what I feel has had to be the most disrespectful and unprofessional identity verification by a company.

Any experienced insight would be great.

For those experienced in the STR arena, in your experience do most municipalities that ban/restrict/regulate STR allow 30 day minimum rentals?

The very few owner financed deals we see are just horrible for the buyer in most cases.Investor meeting this last weekend had a great example of a fairly experienced investor who decided to buy owner financed deal only to find out after the seller died that seller had quit making payments on the original loan that investor did not know about and it was now in foreclosure with $80,000 balance. 

These requirements can be normal for an older building or in an historic district.If this is one of your first investments, you need to find a very experienced partner who has experience with the same issues you are facing. 

My business partner is an agent and he's experienced in flipping land.

@Patti Robertson I think I have to talk to a experienced broker.