Permits, I've talked with the local government and have been told the process essential is talking to every land owner in a 1000 feet, and putting an ad in the local news paper to see if anyone objects.4.

You will find that Biggerpockets preaches mostly cash flow as investment objective (i.e.

A lot depends on what you want to do and what your objectives are.Property # 1.

Concentrate on one niche in RE investing at a time. 6) As far as your friendship/partnership, if your and your partner(s) to be objectives and long term goals are aligned and your attorney spells out clearly each partners' responsibilities in the operating agreement, you should be fine. 

Tenant agrees not to place into any drain lines of the Premises any non-approved substances, such as cooking grease,sanitary napkins, diapers, children’s toys or other similar object that may cause a stoppage.

Example objective in this scenario is going from 2 flips a year, to 4. 

PM me of the details of both your objectives and counsel you are seeking.

This is a shiny object of distraction, rationalized to look better than lipstick on a pig.

As a side not, I am not sure development achieves what their objective is.

All that said, the biggest thing for me is that you are basically "held hostage" by one tenant (or family).