We will continue to keep you apprised as developments occur.Below is a complete breakout of the recovered amounts, expenses, and net result:Fund That Flip will provide updates as available regarding our legal action against the inspection company.

Select a plan of action based on your objectives and lifestyle.Remember, every real estate investment journey is unique.

Unless you talk to them, your actions are going to dictate how they respond-and it sounds like you reply to requests with a yes. 

"It is not legal to divide an existing dwelling unit into separated living spaces, thereby creating new dwelling units, without first obtaining DOB work permits,"  That would be an illegal conversion and can result in violations and other enforcement actions.

I have read many books and articles on the subject, but I'd like to hear some perspectives from others who have already started their investment journey: when you thought you were all prepared and put your plans into action, what unexpected and/or difficult issue(s) came up?

There are many strategies you can use, and all depend on your budget. and every journey is different.My suggestion is to pick one strategy, learn as much as you can, and take action before considering something else.

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

The best course of action for someone like you is to not be a landlord and just buy govt debt and some equities.

I am thinking about taking the legal actions.

What are my resources or what course of actions do you recommend?