The cash flow seems a little low, did you do a rent survey and give the units a little premium since they will be brand new?

For educational purposes, it is best to stay active here and ask questions of others, the more y9ou engage the membership here, the more you will get out of it.As for boots on the ground running, find a local investor flipper near you to learn from if they are willing.

I went to start a membership and it shows a $108 charge for annual membership.

Here are the details:Purchase Price - $3,500,000Earnest Money - $35,000DD Period – 60 Days after DD items receivedClosing date – After August 1 & Before September 1Title/ Closing Costs – ALTA Survey @ Seller’s expense (if required by lender)I purchased the building about 20 months ago and here are the numbers (back of the envelope).Original purchase price: 2.95MLoan amount was 1.84MPrincipal paid to date is 57KPrincipal down: 1.1MProceeds from sale - loan = 1.716Mcommissions: 175K Net in our pockets (not including closing costs): 1.525MGains from initial investment: 441KWe have to do a 1031 exchange to our next property.

So I pitched it to them, but I also told them that I believe we should have the land surveyed splitting it into 4 parcels.

Maybe punch back with an OWC offer--and a home inspection done by a proper home inspector with a written report, plus a survey to know if you have one lot or two (one transaction or two).You will probably want a local closing attorney who knows how to make this happen safely for you (draw up the needed paperwork, deed(s), etc....And if you are not a Hammer Swinging type guy, you will probably want to get bids to do the Fix-ups you want to have done when you take over. 

A great PM will also interview you, so be prepared to fill out a survey - managing unrealistic expectation is a major component of any PM's daily challenges.

I got denied because of my membership in a protected class. 

No negatives so far, $3500 for a years membership.

With a 10K buy-in fee to Lake Naomi and 4K annual membership/dues, it's going to be even harder to break even when I sell.