I know this is overkill and everybody says that you do not need to do this, but I don't want a lawsuit down the road.Every state is different, and every Department of Real Estate views lease option assignments differently.

The fire department has just inspected the units and blessed my use of the 2 bedrooms on the 3rd floor as sleeping bedrooms and stated that egress is sufficient and the building meets all the requirements of the code to be rented as 4 bedroom units. 

I am also very good at managing money (current CFO for Santa Barbara County's Mental Health Department where I manage a $106 million annual budget). 

Ask the building department inspector for a reference or how to find the required inspector.  

check the local building permits department and see how many commercial permits have been pulled in the last 12 to 24 months.  

We had well over 50 different neighbors stop by and thank us dearly for making the neighborhood better and cleaning up this property that’s been an eye sore for over a decade.

Right now i'm using basic ones I got from a REI website, and i'm looking into having them printed out and taken to my legal department so they can see if I would be able to use them in the Norfolk/Hampton Roads area.

Department of Housing and Urban development; unemployment data is from U.S.

Dear guru,I'm about to make the first real estate investment.

If you are playing in the major cities, it's not a great cashflow market, instead, it is more of a market timing market where you buy, hang on for dear life and then sell.On bigger deals, you'll find mostly pension funds, insurance companies and large REITs competing for a short supply of assets and driving down cap rates.In smaller cities/areas, it acts like many other US markets.Overall, very high barriers to entry, but you can see appreciation that other markets can only dream about.