*For the purpose of this post, assume "investing" to mean "buy and hold large multifamily apartments", and "developing" to be large commercial or large multifamily (not single-family)*Investing and developing both require extensive market analysis to ensure that the area you plan to have property in is a sensible location.

If he has bad credit, what's your leverage for ensuring compliance with the lease? 

We have a web based platform that syncs in real time with our iOS app and allows coaches and players to view 360 practice footage directly from their phones.

The City wants to ensure the work is done safely and per building codes, and even tho they will come out to do inspections, they even realize that they typically do not catch everything, nor are they fully responsible to; which means it is still the full responsibility of the owner to ensure the work is done safely.

My recommendation is not to close until the tenants have departed and you have walked it to ensure it is in the condition acceptable to you. 

They are very cost effective for specific situations, but no big players use them.

Once you learn what the big players are doing, your path forward becomes that much more informed.

Are you running the numbers to ensure it works as a long-term rental?

We will be at the property more often until completion to ensure that the proper amount of work is being done.

I am constantly going over numbers with these properties to ensure a deal for my investors.