Be sure to do your own due diligence.

Buyers looking at a property like this must do 100% their own due diligence.

End of day it’s up to you to do your due diligence.

I shouldn't need to obtain a variance since the property is RM1 by right, but doing my due diligence to figure out these moving parts now.

They can help you with your legal rights, due diligence, and provide guidance when working with builders as well. 

Most of these bad situations are due to poor due diligence and also not understanding project development and finance efforts. 

The other counties mention above have there same issues too, but as whole you can find great and safe investsments anywhere if you do your own due diligence.  

Sure, there are going to be people who fail but if you truly try and make your best effort and do your own due diligence by evaluating these properties, inspection, ARV, etc. and really learning the strategy of both BRRR and turnkey fix and flip, it will work.You need to build a strong and trustworthy team on the ground.People nowadays quit the second something gets hard.

Always do your own due diligence, comps and repair estimates.

Mine is a 3/1 and a 3/3(my side) and by diligently searching the MLS I found it and didn’t really have to compromise on size.