@Bruce Cook first find out what the law is, if you are under rent control you need to thoroughly understand the law and raise rent probably to the maximum you can (if rent conrolled).

Online real estate forums, local investor networks, or social media groups can be great resources for finding success stories and experiences from investors who have achieved positive outcomes in lower competition markets.Analyze the property: When evaluating an available property, you should conduct a thorough analysis.

Be sure to get a very thorough partnership agreement done with an experienced attorney to cover what happens if capital calls aren't met, someone wants out and if someone is incapacitated or dies.

So the developer of your project had to go elsewhere and this place was good for buyers who don't do a thorough due diligence by themselves.

To begin, it is important to educate yourself on various strategies, establish a strong network, set clear goals, conduct thorough market research, start with small investments, and create a financial plan.

I recognize the importance of having a thorough understanding of the scope of work and associated expenses to make informed investment decisions.Therefore, I am seeking recommendations for experienced contractors or professionals in the area who specialize in property rehabilitation.

If so then please explore with someone local and knowledgeable for time frame/costs/etc. if its just a way to buy a cheap property and you have little background, it may make you thoroughly hate RE investing. 

.- As I am not a finance expert, I urge you to conduct thorough due diligence in verifying this information.

Hi David, be sure to conduct thorough due diligence on the property and evaluate its investment potential before proceeding with any financing arrangement.

These professionals can provide expert guidance, conduct a thorough assessment of your property's valuation, and represent you in negotiations or appeals with the assessor's office or assessment appeals board.Attend Assessment Hearings: If your jurisdiction offers assessment appeal hearings, attend these hearings to present your case in person.