Any pitfalls buying this?

Any pitfalls buying this?

Also be able to talk about the pitfalls you have experienced and how you have resolved them.

See if you can find a local investor who can act as a mentor and let you shadow him through the process of what all he does--due diligence, investment math, contract-to-close, ins and outs and pitfalls, etc. 

I would stay away and look for something with less potential pitfalls.  

Making the Sale: Tips and TricksIn this stage of the process, there are multiple hidden pitfalls that can sneakily drive up your costs.

So I would make sure you keep your eyes open for pitfalls when absorbing other peoples teachings/wisdom, even mine, or especially mine :)  Go do your own homework, find other opinions and weight their ideas by their merit.

What are the potential pitfalls?

I have been gathering some of my thoughts around these topics on what to look for pitfalls or positives in PM contracts.  

Before I go down that path I was wondering if any of you all have had experiences with variances and perhaps have some pitfalls to avoid or tips of how to make your case to the county on changing the zoning.Thanks in advance!