I would also recommend paying attention to the landlord restrictions, rent control and overall laws as it relates to owner/tenant relationships.

But because you rent by the room and YOU SELECTED the roommates (for which the other roommates had no control over), that makes you directly responsible to the other tenants should any harm or damage come to them.  

I recently had to replace my HVAC system because it was red-tagged.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

Second main point: Avantstay has excellent systems to find guests who will treat property and neighborhood responsibly.

I also like contractors that have packets that allow you to pick out the stuff that you want to use for that project, which reduces the quality control process..

You can expect that you will be required to build roads, sidewalks, storm water control, utility taps, street lights, street trees as well as recreation fees as part of the development process. 

When something goes into default, like this property has has, I have little to no control yet assumed a lot of risk. 

You have no control over the servicing transfers.

My uncle has agreed to allow me to use his system, employees and resources to build my own trailer park empire.