An architect adds an expense to the job but as I have learned is essential to getting the finished product you are expecting.

Also, remind them this is coming from a safety measure for everyone wellbeing due to the climate of crime near our homes. 

The purchase prices, lease rates, asset quality and neighborhood safety are not aligning. 

@Ted Barrett I look at a lot of deals that essentially make good on the 1% rule.

At that point I might be considered to be engaging in brokerage with my role reduced to a "lead generator" for my contacts/employers, the Buyers, who are essentially paying me a finders fee.

Next, it’s essential to identify the market where you plan to invest.

However, I am worried about the outdated electrical and water systems for safety concerns.

If you have no budget and just getting  started, it has the essentials.

I have little confidence in what a homeowners policy /w STR rider will cover, because no other insurer I've talked to is okay with this for an (essentially) full-time STR operation. 

Essentially a land flipper is actively seeking out properties to buy for a bargain and then aggressively marketing the piece of property to turn a profit.The flipped land can be sold for cash, but more commonly, flippers make money by offering the buyer financing and allowing them to pay the land off over a set period of time, with interest.