The city then can condemnate the land via eminent domain and plan its own redevelopment that results in large payouts only to the biggest developers.I do not see landlords rehabbing properties in need of rehab as wrong. 

My biggest (and maybe only) complaint is their online payment processing company is not so great.

I don't know the Northern Indiana markets well but my biggest concern with both are that both are small markets with fairly limited industry and employment base.

My biggest challenge is jacking up the house and replacing all of the basement framework.

.)** My biggest risk is this - if the business is not successful, I am personally liable for the lease payments of $4800; lease duration is 5 years.  1400 sq feet in Columbus Ohio.   

@Jay Hinrichs Yes I agree that air bnb probably won't be our biggest issue.

.)** My biggest risk is this - if the business is not successful, I am personally liable for the lease payments of $4800; lease duration is 5 years. 1400 sq feet in Columbus Ohio.

I’d try nowIf you have 10 days before the appraisal get the biggest bang for the buck project done, leave the equipment there and a friendly appraiser might give u credit for most of the work.Have your property manager put his estimates of rentals on paper and letterhead and give to appraiser.

That could be paraphrased to say that your biggest risk of making a mistake and losing money is when you purchase your property - and your first one matters a lot.That being said, it's still great to focus on preparing yourself in other ways.

Hey BP Family,I am new to RE investing and one of my biggest concerns is Rehab cost.