—Uber founder and former CEO Travis Kalanick has taken the reins of a Los Angeles-based real estate startup, following a $150 million investment through his new fund, 10100.The small firm, called City Storage Systems, is focused on the redevelopment of distressed real estate assets.That primarily includes parking, retail, and industrial properties that “will need to be repurposed for the digital era,” Kalanick wrote on his Twitter account, announcing his fund’s purchase of a controlling stake in the company.Kalanick will become CEO of the 15-person company and expects his 10100 team “to be highly involved” in operations, he said.

As a buyer it wouldn't spook me at all if someone told me ahead of time about the situation, but I can't speak for the average buyer because I know how renos work and they probably don't.

https://www.biggerpockets.com/forums/51/topics/166...http://www.dcschluter.com/real-estate-accounting-s...http://www.hgkcpa.com/industries/real-estate/https://fa-cpa.com/industries-we-serve/minneapolis...

Then surrounding yourself with industry professionals that can help you get started.

I am really looking to expand my knowledge on the industry.

My averaging closing cost has been $20K. 

The Comp Sale method and REI in general have enough variables in them already for the average investor; adding in the wrinkle of buying above market value is not something I'd do in general.

What we want to do is house hack, but we don't want to lose money on this condo, even though we don't want to live in it anymore (neighbors, the neighborhood - very industrial near Boeing, and they took away our ability to have a grill, but I suppose that's neither here nor there).  

That means traditional financing is not possible for the average buyer.

Rates are still very low compared to historical averages, and my assumption is your blanket financing is probably on a balloon.