I love researching good companies with good growth prospects and a long horizon to allow for compounding of value, much like finding a good property in a good area with good long term demographics in a friendly regulatory environment etc to allow for capital appreciation. 

Accurately estimating expenses like maintenance, CapEx, and make-ready costs is a common challenge, especially for new or prospective investment properties.

Check w/ the City / County to see what the permitting process is, and what if anything you would have to do regarding plumbing / electrical.

I was intrigued with the prospect of buying distressed properties in bulk quantities and finding local investors who could rehab them and put them back on the market.

Just the other day I saw someone had used black sheet rock screws in the hangers on a brand new deck (non-permitted obviously, and not a single lag or any flashing on the ledger board, and they painted it immediately before the pressure treated lumber had even dried out so that’s going to peal in the first year, at about the same time that those sheetrock screws start to rust lol). 

Network with wholesalers, check public records, and use platforms like PropStream or DealMachine to find distressed properties.Be Cautious: Pay attention to permits, inspections, and local market trends—over-improving for the area could hurt your profits.Starting with a solid plan and realistic numbers will set you up for success.

Here are the airbnb links if that helps get a better idea of what I'm trying to describe.airbnb.com/h/treehouseyurtairbnb.com/h/yurtundertheliveoaksI had an investor ask me at what price point I would consider selling, that's what prompted me to dig a little deeper into determining what it is actually worth to a prospective buyer.

That no additions or remodeling was completed without a permit.

Yes, this can be very dangerous, we always use a licensed contractor that has pulled the permits.  

Is the property priced appropriate for a purchase that does not permit financing?