If your looking for cash flow you need to ensure your educated on some potential pitfalls.

Question -- What about the potential pitfalls of bringing a building back up to market value?

What are the pitfalls? 

- What are some common pitfalls that a lender finds themselves in?

Would LOVE the opportunity to network with you guys and learn more about the opportunities, pitfalls, "gotchas" etc that may be out there.

I have done a lot of research into out of state markets but have held off due to some worries about management, lack of info, etc.Could some of you with experience provide me with any feedback ranging from the best areas to look into, the best strategies (I am open to anything from more rentals to flips and beyond) and of course the possible pitfalls with out of state investing.

Any other thoughts surrounding the LLC about pitfalls, pros/cons would be great.  

In a perfect world, accepting prepaid or advance rent would be an advantage, but there are many dangers and pitfalls which should be considered before the decision is made to accept prepaid rent.

With existing improvements such as a shopping mall all the entitlement process is done and you know it passed.Unless you already have everything planned out and know what to anticipate and the pitfalls you can run into, get someone to team up with that has experience.

I just started managing one property myself so I need to learn some pitfalls to expect, watch out for, etc.