Great episode with Florida commercial real estate developer Joshua Pardue!

IF you were to renovate a non-conforming unit, that unit would now need to be brought up to code.When or if you rent out the unit, you, of course, run the risk of the tenant calling the city and saying the property isn't up to code, which would, in turn, cause an inspection by the city and likely result in some violations that would require you to bring the unit up to code.These types of units are ALL OVER the city of Chicago and be rented out on a daily basis, but there is still clear risk associated with renting them out.

What you should expect is what area you choose to buy in, having to deal with the issues that come with that class of property.

Are you looking to increase cash flow with every sale and purchase or keep building equity to buy a larger property down the road?

In fact many properties being shopped around by wholesalers are actually just expired MLS listings (properties that failed to sell on the MLS) or active MLS listings under contract by a wholesaler. 

I would like to use the home as collateral toward funding on a investment property.

I am interested in both residential and commercial investment properties.

You can look at who owns properties of interest in your market through google searches.  

This single-family property, acquired in June, is a key piece of a visionary development in Morganton.

I'm not excited by the location of the property but it's a 4 unit.