Time management, prioritization, ability to say no & business accumen are more likely.Folks you get what you pay for and if you want to develop relationships with the agents at the top of their field and or the experts in the area you need to act like a professional.

I am looking for the kind of investment where there is enough safety in the net profit margin that even if there are more repairs than expected, we would still make a profit. 

Equity = Value of house - debt owed on itPartial equity = portion of loan protected by equity while rest of loan is underwater.The safety of notes comes from being an investment protected by collateral (the house, office, warehouse, whatever secured note we're talking about).

There issues of safety, mental, lease, and legal.

LEVEL OF EFFORTReview Available Information /documentation prInformation which will be provided: We will provide existing Site Plan , reports and documents availableDeliverable: Report/Memo on Potential Site FeasibilityProvide the report about the parcel much in the way one would explain the project decision-making process to a spouse or a friend.The report should explain the issues important to the decision-making process and summarizes the findings for those issuesThe report should summarize the key findings from the information already available and separate stand-alone info available with Pasco county that bear upon the decision-making process.These include any safety , environmental concern, potential for a high level of environmental impacts or concerns , sinkhole investigations , any alignments variances done and do not have approvals , any queries pending concerns with pasco county not addessed , flood zones any air quality hazards or concerns , were all the permits originaly requested was approved and permits expired pls highlight any documentation required to submit to renew the permits or any additinal documents we should request seller to provide. 

What are your thoughts on having equity as a safety net for devaluation?

The point about cash-flowing properties - and why I always emphasize them to my students - is that the cash flow allows you to carry the property through the downturn and back into the upswing, since the property is not costing you money out of pocket.The key is that you want to buy properties with sufficient cash flow that there is a cushion - a margin of safety - for when things go bad, as they always will.  

Even if our state law didn't require it, we would still provide these life/safety devices as they are recommended by Fire Marshals and Fire Commissioners throughout the United States and Canada.

Renovations for Safety, Longevity, and other upgrades attract quality tenants.

There are serious health and safety issues in addition to the fact that the hoarding will ultimately destroy the structure of the building within a few years.