Also there are some major zoning changes proposed.Something you didn't mention is financing--unless you're buying cash? 

I disagree, I had a time when my name and the name on the insurance didn't match and the lender was all over it, regardless of the on-time payments.Your best bet is to refi into a commercial loan that allows the LLC (if you've already purchased the property), or close directly with a commercial loan / DSCR loan.

I currently have my previous home for rent but the property was unfortunately trashed by the Tenant. 

Focusing on duplexes or small multifamily properties can provide potential appreciation and cash flow, even if the property doesn't cash flow immediately.

Looking at some properties around there and it seems to be the norm to have a cesspool in a few towns (WW, Coventry, NK/SK)Any immediate watchouts or gotchyas / red flags?

Most of our properties are in the fastest growing county in the state. 

Stay on track to buy 1 property per year.

I’m specifically interested in properties on the north side of the city in quaint areas along the lakefront time frame is to purchase within the next 12 months.What is your budget?

Even worse is their intentional push towards the lowest of barrier properties and strategies.

And he can purchase the property himself from the defaulting borrower, or purchase a (majority) ownership in the subject property.