Who you partner with makes a difference in a lender's risk, someone a step out of bankruptcy or bad credit can mean law suits, exposure to other creditors or partners, weak partners can go belly up in a project, a good partner should be able to carry as much water as you do.When say 2 partners have mortgaged a property held in the business entity and later take in other partners, the lender can go by the terms of the note and security agreement and call the loan in really bad transactions or simply not renew the loan later on, so it does matter who you deal with. 

We have had plumbing issues in the past from cooking oils/fats etc.

Lead paint is a big fat no.

Full of fat promises, does not deliver on any of them.

I asked about renovations because if you don't have a lot of Money to make deals work, the Money is in the ugly ^^You know the fat girl you never looked at in school?

Interestingly enough we we cleaned out her stuff from the house there was a DEEP FAT FRYER IN THE ATTIC WITH OIL IN IT.

@Brent Bell"I have not filed any forms with the IRS, as I only formed the LLC and received the EIN in January, 2019, so I am not sure what the current tax status is."

The big, fat, easy wins are getting harder to find but as a real estate investor, I am in it for the long haul.

I think the risk with those is that your one tenant may go belly up (think about all the big box stores that no longer exist) and leave you holding a purpose built building that has little value.

These units would be easy to replace should they go belly up.