And if they see a huge red flag, then you'll feel ok about ditching the deal.And don't do this again, waiving contingincies is for pros.

For context, professionally Stocks and Options is my career course and comfort zone.

I agree on all the points you’ve shared and definitely use them for my research.One question I wondered about was if people care about political affiliations (red/blue area).

Cam  For NOO STR we'll need to make sure that you are purchasing in the correct zone to be eligible.

Work with the local experts- talk with local zoning officials, engage architects, and reach out to contractors to understand the cost and feasibility of your project.Run your numbers- do some forecasting and layout some financial models to project costs, revenues, and returns.Make sure you are utilizing your team- aforementioned real estate broker, financial advisor/ CPA, and lawyer and others as you go.Best wishes and good luck.

Not so sure about this area, but generally it's good to invest at red states, most of their market experience good growth and are landlord friendly.

It needs be a property that is livable and qualifies for conventional lending but the projects are done in stages to where it's only slightly uncomfortable residing in a construction zone.

Further work, including zoning board meetings, presentations for zoning board would be extra.There are three issues which jumps out in your case.1.

I've been a passive investor but venturing into BRRRR zone.

The more I'm thinking about this the more red flags I'm thinking of.