Further, it's always a good idea to do due diligence into the association itself to make sure it has adequate reserves in case of any large future expenditures.

I just started my due diligence phase, but the first thing I need to do is better understand the financial feasibility for the project, and how the return might compare to other investments we have undertaken in the past, which have been mostly acquiring existing buildings and renovating, not new construction.

Hey everyone,I’m exploring the idea of creating a software tool designed to streamline the due diligence process for commercial real estate transactions.

Definitely should check out J Scott's book on estimating rehab costs: https://store.biggerpockets.com/products/the-book-on-estimat...I wrote a long article a while back on due diligence that would also be worth reading (well, at least I think it is): https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...

If that's who you are interested in, listening to him on any podcast for an hour will tell you a lot about the vibe of the company before you do more due diligence.

Toward the end of the due diligence period we received the final piece of critical info to make our decision: a lease agreement for a cell tower on the corner of the property.

In my opinion avoiding a bad experience with a contractor requires good due diligence, preparation and a carefully written contract.

I did my due diligence with researching GROUNDFLOOR, the investment property, and the details surrounding the loan.

Hence you needing to retain an Architect and have them do due diligence into the feasibility at which part of their services would be checking what is able to be built in compliance with the applicable jurisdictions. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊