Lol.They have decent deals from time to time, but they are usually volume based, not in tune with market, and more motivated to push a sale than to really see if a deal is good or not.

If it's something as easy as adding a parking pad then I would say it usually can make sense.

Ambiguous descriptions can lead to scope creep, material allowance overruns, timeline days, and subpar quality of work.

I've heard horror stories that it's usually impossible due to the "burden placed on the municipality" but could really never understand what that burden was... most people living in those units wouldn't be using the school systems so aside from maybe an increased volume in emergency medical situations I can not understand that statement? 

Rents for medium term rentals usually range from 1.5 times to 2 times the normal rent for a place.

An LOI isn't usually a big deal and I've had properties ask to sign one before a viewing and there wasn't anything fishy going on with those.

Usually you can find this online.#3 Chances are you will never buy a $500,000 property for $30,000. 

They usually have a small upcharge on the work done but it's generally not a profit center for them. 

You can usually get a lender to go 85% of cost or 70% of the As Completed Value for such a project.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.