In choice #2 the syndicator might be tempted to suppress the adverse findings in DD, close the deal, bank their fee and hope that the market bails them out.  

It took a little longer to complete the Rehab than planned and speed is very important to the overall success of Flips so while the project did make a profit it didn't return the numbers we originally planned... that's the way it goes sometimes.Account Closed there is plenty of available Capital with appetite for Fix & Flip in the greater Phoenix MSA right now. 

Throughout the years carriers change their appetite and risk tolerance.

It's about comfort level and risk appetite.

There are certainly lenders which will lend to someone in your situation, but you will probably need to call around for a local or regional bank in your area for one with an appetite for that type of loan.  

The fact that it's new should definitely be passed through to the rents but things like fire suppression that we are now adding probably won't have any bearing on the new rents since tenants (at least the residential ones) wouldn't care about that.

Going to do one-off LLCs and plan to manage/live in the properties until they are up to snuff.Progress the last 3 weeks:Starting to build a relationship with a contractor who comes from a trusted-friendThey focus on redevs in Chicago - condos and MFsConnected with 2-MF brokers in ChicagoNow have direct access to MLSAlso obtained  access to foreclosure, bankruptcy, probate, and mortgage data in Chicago thanks to a friend in the industryConnected with an inspector who has 20+ years of experience in ChicagoConnected with a developer in Pilsen, who we may be partnering with on deals he doesn't have the $$$/risk appetite forAs of now, we are building the team and vetting off-market properties and a number of properties on the Southside.

It’s not like in Cal where you see drastic movements in prices and it’s not like in Detroit where prices are so suppressed that the hopes of being a top city seems like a dream.

A very important one is who owns/controls the power lines and what is their appetite for your project?

Does anyone have a contact that might have an appetite for this sort of thing?