I'm curious about the high cable expense and $2,400 in utilities. 

U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit.. 

I would highly suggest that your father be present with the prospective applicants. 

In most cases I was told that they had high risk carriers who would write a policy, but they had limited protection and higher premiums.  

@Jason CroweHi Jason,If you have a high enough cash value in a permanent life insurance policy (either a policy on yourself or one you own on someone you have an insurable interest in like a child or spouse) then you absolutely can leverage it to finance a real estate deal.

So you've heard again and again that you need "better pictures" on your Airbnb listing.

Prices are high which makes it a tough market to enter but if you have the funding and find a solid deal, I don’t see why you’d pass it up! 

Low vacancy rates equate to high cash flow and ROI on rental properties.Downtown areas (Clifton/OTR/Pendleton/etc.)     

The shortage/high prices seem to be everywhere - urban/rural.

According to Linkedin and the profile of one of the individuals Rey Grabato, the company was founded in 2006, NRIA has grown to be one of the nation’s leading specialists in institutional-caliber private real estate investment management with over $1.25B AUM*, focusing on luxury townhome, condominium and multifamily acquisition and development in many supply constrained, high barrier-to-entry markets along the east coast.So what could have investors done in this instance?