I’m also close to U hospitals which is a bonus..

Go in with a goal of fixing and flipping it for a profit but make sure it would also work as a rental so you have a plan B (bonus points if the deal works as a short, medium, and long term rental).

I am interested in a 20+ year investment so in it for the long haul and the bonus of enjoying the land for recreation over the years.

Always get a draw schedule with your contract and it is wise to include a penalty for lack of performance and even a bonus for exceeding timelines (which save you money in holding costs).Not all contractors are created equal.

Only purchase properties with value-added opportunities.and my bonus tip would be to make sure that the properties cash-flow upon purchase, missing this could cause you some pain.DON'T OVERCOMPLICATE THE BASICSI know there are caveats to each one of these but most investors never start because they overcomplicate the process.

Appreciation, if it happens, is a bonus.

Bonus strike four: probably wants lender to help evaluate deal and structure it to save money on accounting, legal and consulting fees.Unduly harsh?

@Ryan Kuja Just as a bonus tip.

Impressive amenities include an open main floor w/ updated kitchen,granite counters,tile backslash & big island;cozy living room w/ bright windows & amazing fireplace; master suite w/ oversized closet & spa-like bath w/ walk-in tile shower, dual sinks, soaker tub & main floor laundry;plus main floor bonus area too!

That means bonus checks and a house in the Hamptons.Expect this news story to keep going  right thru the election cycle.