Key indicators for me are GDP growth, job creation, population growth, presence of big growing companies, capital projects (training lines, etc), schools (quality of schools), access to highways, access to services etc.. just the tip of the iceberg.For me, this is absolutely a crucial part of the investment process.

Do you think the city would provide a letter indicating that it could be rented as a triplex?

I’ve tried editing my wording in my automated messages to indicate how I’m trying to provide a 5-star experience, but I’ve stopped short of saying “If you’re going to give us anything less than 5-stars please reach out before doing so.”Should I go that route?

Cap Rate indicates the investment risk and calculates what your return could be if you paid for it with 100% cash (no leverage or financing involved).

However, my original lender is indicating now (after the fact) that they will have trouble converting my property into a 30-year loan.

However, my original lender is indicating now (after the fact) that they will have trouble converting my property into a 30-year loan.

The disclosure will indicate whether or not you know of existing LBP but you are not usually under any obligation to conduct testing.Given your question, you may not know that your biggest risk with LBP is during the rehab. 

All the data I have access indicates that we will continue that path for the forseeable future, regardless of how the economy is doing.

@Arta MonteroSorry, your investing career is off to a rough start.Yes, your current PM does not seem to be working in your best interests.Your story also indicates even with a PM, an investor still must be actively involved.I have owned and been actively involved in managing my rental portfolio that at times exceed 20 properties at one time, for 40 plus years. 

What I did not realize is that in Connecticut (and again, check with your local municipality and state) is the following Zoning rule: Although your property lies, in part, within a known flood hazard area, your submittals indicate that the improvements, shall be generally confined to the building footprint, and are not “substantial” per the “Flood Regulations” – meaning that the cumulative cost of the work will remain less than 50% of the fair market value of the structure.In view of the above, no special flood hazard, coastal, or inland wetland permits are required at this time.