Anyone who doesn't follow directions - asks me to call them, doesn't provide specific answers - estimate, experience, any additional materials they need me to purchase, I weed them out.  

Tread carefully wherever you buy as there are unforeseen HOA management risks in addition to the special assessments for delayed maintenance and building insurance skyrocketing. 

💸This can be a great opportunity for homeowners to host meetings, events, or short-term rentals without the burden of additional taxes.

I would love for real estate investing to be something that my wife and I can do together to give us some time back to spend with family and doing things we love.

Spend a few years learning the industry before you invest with someone.

In a work/money fix&flip partnership:The silent partner provides $1M.The working partner does all the work, including securing an additional $1.4M in financing for the LLC.The working partner keeps 2% of the capital immediately ($20k).After all rehab, fees, and finance expenses are deducted/repaid, the working partner takes 45% of net profit and silent partner takes 55%.You can assume the working partner has experience and it's not a take the 2% and run scam.

Additionally, and importantly, I’m not buying large apartment buildings so the effect on my and my clients’ portfolios will be muted.

I was about to start the process to get a retroactive permit but realized the additional cost of a new exterior stairwell (metal) and architecture fees is almost 30kIm starting to weigh the options of either full tear down with a new 4 unit construction or separate building in the front of property (current is set back thus the extra costs to permit)  or adding a 2 story 2 unit addition connecting to the old propertysorry this post has become 2 ideas i need advice onif it deconvert can i use it as an inlaw suite with 2nd floor unit or a duplex up. 

Sounds like an opportunity if other PMs are not good there.One additional point on delegating and vetting your team members.

IMO, you do need to spend time with people more experienced than you.