Use this to your advantage by identifying potential investment properties, such as undervalued homes or areas with strong rental demand.Start with a Clear Strategy: Whether you're interested in flipping properties, buy-and-hold, or rental properties, having a clear strategy will help guide your decisions and keep you focused.

Most PMs are simply calling in a repair out of a rolodex.

The only source for the local knowledge you need is an investment team.Also, an experienced local investment team already has the skills, processes, expertise, and resources you need to identify, validate, renovate, and manage properties, saving you time, money, and risk.Working with an investment team usually does not cost more.

This is how it is supposed to be handled but some lenders have overlays or loan officers are not aware of the actual guide lines or rules depending on their organization or who they are selling the loan to in the correspondence channel.I have come accross this several times you simply make the underwriter aware and in some cases the agents and appraiser are informed as well in case there is a need for an outside LOE letter of explanation. 

Most people will say start by identifying your guest avatar, but I recommend starting with your property first if you already own something.

Identify what you have to work with and which asset class gets your money working the way you want it to the best and go from there.

@Isaac Blocher  yup you can't orginate loans in CA without a brokers licnese or RMLO .. simply get a RE broker to do your disclosures. 

If you identify an issue before closing, then that issue is now the responsibility of the new owner - draining and roof.

@Gayle Eisner Simply do another 1031 to a property somewhere else to avoid the capital gains taxes if applicable.

The decision simply defined the definition of a "residential/dwelling unit" as it stands vis a vis the Conway Zoning Ordinance.