They will likely send an inspector to show compliance with city code depending on the type of store fronts (e.g. a restaurant setup will have different requirements in many cases than an art studio, for example).I would certainly invest in getting individually city metered utilities so that the tenants pay their own utility bills and there is not some messy shared arrangement that you have to deal with.  

Max, great question so important to work with a competent and experienced team: (3) Secrets Everyone Needs to know about using a 203k loan for more information on the 203k loan, loan process and how to build the right team for success.Good luck to you!

It has been ruled not suspicious.The charges will now be sorted out by the courts and penalties range from $2,000 to $50,000 for individuals.

These 5 units are split across three individual buildings; two duplexes and one SFR.

The only people that complain about renting and leasing are individuals that do not take them to screen their residents.Flips: First off the TV shows are not real, so I would based your decisions of that.

*Property Tax*Maintenance Risk*Actual Construction Cost - you said paint & carpet that can be very relative*Vacancy*Time back to market post tenant turn---------My answer is no this is not a turnkey rental, again, this based on the true definition of Turnkey - How do you intend on managing it for the individual you plan on selling the note to?  

Welcome to BP you have come to a great community of like minded individuals who like to make a difference in the world.  

The correct answer depends on your goals and the individual deals.

I know a handful of individuals who have indicated to me that they would consider investing in real estate in the future. 

I've been fortunate enough to meet some really real estate educated individuals through meetUp and would be very thankful to meet more either like-minded individuals looking to grow or those who would like to share strategies/help guide me in the process.Biggest hope is to understand how to efficiently assess a properties value/cash flow capabilities and negotiate with the best of them.