Habib:  We are in the armpit of Decatur, so I don't think our experience will apply.  

If I had applied for permits when work was done I would have experienced the same permit process issues.

Remember some organizations develop solar for their image and the feel good aspect, not the financial profit.This statement can be applied to any form of new energy development. 

Now that the property has been renovated, I have recently been applying my efforts toward starting a syndication to scale up to the purchase of larger properties.

You will be obligated to modify your home insurance once you leave, regardless of whether you self-manage or not and this would apply to Scenario 2 as well - for any property you don't occupy yourself.3. 

@Clare Pitcher I'm applying to a few online MBA programs now.

@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

The same rule applies to rising rents.

As investors we want to maximize revenue but to your point that still requires applying common sense and basic ethical principles.

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?