However, I am curious to know your reasoning behind considering bidding on a property that requires extensive rehabilitation, including demolition.

The three ways to handle the risk are (1) gaining knowledge and experience in both investment in general and in the area you’re investing in specifically (2) extensive due diligence and when the inevitable bad outcomes occur despite (1) and (2) then (3) diversification.  

Optimally, the lawyer or the firm should be familiar with public infrastructure that developers are typically asked to pay for, such as road widening, turning lanes, new roads, sanitary sewer extensions, new water and electric extensions, fire hydrants, etc.

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

In this case we would probably ask them to sign a year extension on the lease and pay for the venting.

I’m forming an LLC to purchase these investments and plan to use commercial or portfolio lending.I’d like to avoid properties with HOAs, large multi-family units, or extensive renovation needs, and I’m primarily interested in properties with good appreciation potential.

With your extensive experience in remodeling and radon mitigation, you'll be a great resource for anyone needing radon testing or mitigation solutions.

I have extensive experience there over the last 10 years.

Instead of extensive renovations, we focused on strategic market positioning to enhance the property's appeal.

This is a very common agreement, in your space your problem and they also should have insurance that if its extensive insurance would cover it.