You nailed it - it even has a US Patent Pending!

The other thing you need to look at when going down this road is the ability to create a spread at purchase by finding deals that go from pending back to active or those with high days on market (DOM).

Is there a way to find out what other, if any, proposed developments are pending approval?

download the realtors photo's and videos if they are available.Advertise now, ask realtor if you can show the building to prospective tenants,, I personally wouldn't think it would be a issue.Take applications pending closing date and get some people lined up.

As long as you have no pending appraisal orders, I think you'd probably be fine.The only concern I'd have would be if you give them something before the loan for the property in question has closed.

I would go view properties that are pending in your area and see how you stack up finish wise.

@Scott C. and @John Moore it is a whole house rehab, about 15-20 days work pending a few questionable items.

Give them the exact same scope of work and check multiple references, insurance certificates, NARI or other memberships, standing with the contractors license board, any pending litigation, etc.

They also don't insure LLCs, they insure me with the LLC named as an additional interest on the policy... which is probably fine but who knows.Anyway I have also been having issues recently with the carriers conducting their own inspections and then randomly determining that repairs are needed (USAA cited that the gutters on one of my properties needed to be replaced so they cancelled the policy pending a licensed contractor to do that), their coverage for the houses seems to vary, and the premiums are really quite high to be honest.

During my research I used the following sites.TmconsultingUslandrecordsUsassessor Zillow Google mapsI was able to research owner history, liens, pending Litigation on current owners and all title transfers.