Hard money is expensive.Some questions to ask yourself to assess risk:Do you have access to a reliable contractor who can complete the work on time and stick within a budget?

Start by scheduling a walk-through to assess the property and confirm renovation needs.

I target pre-existing, non-conforming lots that town assessors have deemed unbuildable either through a land use code or a very low tax assessment.  

We're new to looking at AirDNA numbers and assessing where we would fit.

Sometimes, properties owned by non-profits have deed restrictions, zoning conditions, or agreements tied to their use.Tax Considerations: Non-profits often hold tax-exempt status, so you’ll need to ensure that taxes are assessed correctly once ownership transfers to you.Potential Public or Internal Scrutiny: If the transaction appears to undervalue the property or is perceived as exploiting a non-profit’s resources, it could lead to reputational risks for you or the organization.

We bought our first rental property, a duplex in Portsmouth, VA, in what we assessed was a C neighborhood in March 2023.

So depending on how much you pay for it, you can assess your cashflow.

Your internet provider will have modems that are compatible and they'll probably provide you one as well.

In my area, they charge transfer tax on the assessed value rather than the LOW sale price.

It sounds like there are some things that are negotiable in the rep agreement such as limiting it to a certain area and shorter duration so you aren't committed to working with someone that isn't compatible or not finding deals.