I think it helps to drive a strategy that if you can invest, build, flip, etc why not do it in zip codes with the greatest price per square foot where you can also find either land or existing inventory that makes sense?

Quote from @Eyal Goren: First time investing in Cleveland. 

Business Continuity: If you invest with partners, a properly structured key person insurance or buy-sell agreement funded by life insurance can ensure a smooth transition if one partner is no longer around. 

Investment Info:Single-family residence buy & hold investment.

We are a boutique firm in Chattanooga and every agent in our firm is personally involved in either real estate development, owns investment properties or flips homes. 

Losses from investing in partnerships are usually passive but not always.

The notion that MLS properties are bad investments because eyes are on them is the biggest misconception out there.

We also tell them that we charge $25 per hole for TV mounts, shelves etc I think that $10 up-front investment has reduced the number of issues by probably 80%.Our walls are textured (sand textured in Milwaukee, orange peel textured in the western suburbs - yes, there is an actual dividing line), so we try to avoid the usual palm-sized patch and fill only the hole without making it bigger, so we can get away without texturing.

Crowdfunding platforms tailored to hospitality investments might be another avenue to explore.

It is a great home and wonderful location, perfect for this investment model.