Second contractor ended up being a known felon (according to my lawyer) Long story, I ended up falling into every trap in Real Estate Investing from bad contractors, getting robbed, getting sued and failing hard core and landing in a Chapter 7.

Second contractor ended up being a known felon (according to my lawyer) I ended up falling into every trap in Real Estate Investing from bad contractors, getting robbed, getting sued and failing hard core and landing in a Chapter 7.

One thing is for sure.... if we have crazy inflation, I don't see how any sponsor will be able to make a successful exit as the cost of financing will go way up.As for your original question, I see what you're getting at, but I would assume that for a CORE property like the one you are describing, I wouldn't be comfortable if a syndicator intended to finance more than 70% of the purchase.

You would request a variance to the zoning code there is usually a lengthy and public process to do that, notification of abutters, etc. and "I want it as an investment" will not be a compelling reason for a zoning board to grant it.

In my opinion it is a distraction from a core Focus of growing an investment business. 

House Hack and make sure to have your Core 4 in place (Deal Finder, Property Manager, Contractor and a Lender).https://www.biggerpockets.com/blog/core-four-real-estate-team This will help set you up for success!

It explains the importance of creating your core four.

The caveat of investing out of state, as you pointed out, is the time consumption/prepration of developing your core four (RE agent, lender, contractor, pm, etc.)

It explains the importance of creating your core four.

In order to be successful at it, I would advise developing your Core Four: investor friendly realtor, reliable contractor, sophisticated lender and a reputable property manager.