The other point they seemed to make was that any current tenant who is viewed as higher risk will not have leases renewed once the term is up.This seems like it will make the supply of units for people with marginal income and credit drop significantly, and rent will rise for those units.   

a) Office Supplies (e.g. stamps, envelopes)  b) Software  c) Gas/Mileage  d) Advertising + Payroll  e) Concessions  f) Lease loss  g) Lease renewal fees12) Lawyer/Law office/Legal fees13) Accounting/Bookkeeping/CPA/Tax preparer/Tax advisorHow-much-should-you-keep-in-cash-reserves-per-property?

So, for a $50k Loan you could have 1,000 “investors” to deal with, supply accounting, statements, answer questions, write checks to, etc??  

Things to think about:Transient occupancy taxes, inspection fees, business licensing fee, etcUtility costs, which will be much higher than average bc people use your property like a hotelLaundry costsConsumables (tp, paper towels, shampoo, soap, dish detergent, sponges, cleaning supplies, etc)

What if you knew that a Lamborgini typically sells for 100k, but recently (due to supply/demand) the price was pushed up to 200k.

The reason being is that there is an over supply of housing in Baltimore City so there really is no reason for the city to be encouraging more units on the market.

Generally if you are supplying all capital and he is doing all the work you could structure a number of ways. 

Go to a building supply like marjam, Feldman  or any other commercial supply house.

I have come up with a list of skills that I feel would be a great help to the renovation process:3D Modeling/Building Measurements-With a 3D model you can get accurate floor plans, elevations and 3D views of the buildingTest Fit Layouts-Once the 3D model is built, multiple layouts can be created and analyzed-Potential problems can be solved before they are builtMaterial Calculation/Cost-When the design is finalized, square footages and materials can be calculated based off of the modelVisualization Renderings-You get imagery of the building/spaces before construction moves forward-There is a reference during construction Construction Documentation-Specific details can be drawn and dimensioned Staging-A house with furniture better shows the potential of the space Architectural Photography-People want nice pictures that actually show the space and they want a lot of themI would appreciate your feedback on this. 

If its furnished with appliances and furniture that are 5 star worthy you've got nothing to lose!