Also a comment about someone saying it’s the student who doesn’t perform - as a coach / teacher do these people take someone’s money knowing they will fail?

(Note: These are non-negotiable requirements that must be provided) MBE/WBE/Prevailing Wage: All projects that seek City assistance are required to have a certain percentage of Total Project Costs (TPC) that are being performed by certified Minority Business Enterprises (MBE) 26% and Women Business Enterprises (WBE) 6%, as well as have labor costs that pay prevailing wage as defined by the State of Illinois.

But if the license is required and its a flaw on the lenders side you can bet the borrowers attorney will raise that.. 

Would I rather own an AirBNB in Galveston for the next five years where a permit currently costs $250 a year and a correctly bought deal can still perform exceptionally, or in NYC where I can no longer operate now and for the foreseeable future?

It's a way of hedging my bet using as little cash as possible.

So, they think it's done and high-performing and you think it needs a complete makeover so you would be paying up to renovate.

But the buyer and his lender were not going to perform in time of the 30 day contract as they promised initially.

Physical REI is not a paper investment; almost anyone whose invested on paper numbers I am willing to bet is showing a lot less than the reality of if it unless they took realized gains by selling(into the appreciation rate) or cashed out refi. 

As long as the agent is performing the uniform duties listed in an exclusive right-to-buy listing contract (5.1.6.

But that is the key with investing, you need to have your educated guess of future events, place your bet, and hope you are right.