One thing NOT in their contracts is their performance numbers.

Third, the typical person renting a room is not a home buyer candidate. 

Do not rely on your subcontractors to know/perform the code correctly for your area.

There is no housing market in US where real estate can out perform stocks.

These are the top three features I always keep in mind when evaluating a potential property:1️⃣ Location Matters: Properties near attractions, with great walkability, or offering something unique—like a waterfront or mountain view—tend to perform better.

When you have a proven track record of performance, then you can play with other people's money. 

So now you are throwing good money after bad probably without a guarantee of any actual performance of the company until much later down the line.  

(Photos from a third party inspector)

I think an equally probable scenario is that we'll convert it to a rental, and then look into a 1031 exchange if we think we can trade into a better-performing asset. 

A little background about me, I have just over 200 doors in my current portfolio and our company manages just over 250 doors for third party investors in addition to those.