You or your bookkeeper may want to check it out.If you want to discuss any of this further, I'm happy to answer questions and help walk you through it.Best of luck!

I know of a company that went through a broker like this and the broker connected them with someone That ended up having a pretty bad history and the borrower wired millions after paperwork was signed for “prepaid interest reserve” and now, while they got the judgment, the money was sent overseas and it’s most likely long gone.

I know where I live a project like this could be very difficult and expensive to get approved through local planning boards. 

A areas are better for appreciation, but are horrible for cash flow.

However, it comes with higher risk and upfront costs.If you prefer diversification, using equity for a down payment on a new property spreads your risk and potentially opens up additional revenue streams through rental or appreciation.It comes down to your risk tolerance and long-term goals.

That way they can better control deal flow, and also can convert more of those leads to a profit.  

However, there are some lenders who may be open to taking a second position, especially if the property has strong cash flow and equity, as in your case.Here are a few strategies and tips that might help:1.

Cash flowing anywhere is pretty hard at the moment.

At this stage in my investing career I don't buy things that don't cash flow, so if the fixer upper is going to bleed cash until it's fixed, I wouldn't invest in it. 

I'm wondering if there are any strategies pros employ for multifamily inspections where it can be either done using other people's money or if a cheaper solution would work such as hiring a local property manager/agent to do a walk through.