I'm open to criticism and I dont frighten easily.

The key to gaining their attention is to spend some time learning and come prepared with well-thought out questions.Specialization is critical in commercial real estate.

This should give a lot of potential investors something to think about, as it could completely revitalize the neighborhood.Alderman Arena, in my opinion, has great intentions for the neighborhood but has deserved some criticism, especially in how he's handled the development of the 5150 N Northwest Hwy project.

Critical element is to ensure you are not getting over leveraged.

You might be better off waiting and regularly touching base so they remember your name at that critical time. 

I find that out of state investors from desert areas like Nevada, Cali, Texas, etc have no clue how bad the basement foundation walls in an old house like this can be.The good news is that a bad basement can be fixed but the repair cost can vary widely from cheap to multiple tens of thousands of dollars so having the right inspector on your team is critical!

I look forward to learning from all the helpful tips and criticism you will all have for me.

Positive cash flow from day 1 you own and is critical too.Good luck to you!

This doesn't mean you can be grossly negligent, you still need to run a proper business and do your part of the bargain but, for many people, an LLC isn't necessary until you reach a critical mass.

@Nicholas Hill, the location of your qualified intermediary isn't as critical as their experience and responsiveness.