Ian specifically said, just this past Thursday night, this is the first time he has had a deal fail and the first time he has had to tell investors they are losing their money- which clearly, based on the info above is false.

You didn’t mention the property or deal specifics, but for many deals in the recent years, there have been amazing and unusual gains due to multiple unnatural circumstances.

The best defense against rats entering your property is to seal off all entry points (holes, cracks in walls), remove food sources (dirty dishes, food left in trash cans), and water sources (like leaks). 

Feel free to connect if you have any specific questions about, but this is the best general advise.

Specifically; rules, regulations and permitting procedure.

There should always be timeline contingencies factored into each projects specifics.

Assumed nothing could possibly go wrong in the next 5 years what you want when you look at an investment property is to know the current rental amounts, specific expense items, and conditions of the building, grounds, and mechanical systems.  

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

I can also share some great resources and guides to get you started.Let me know what specifically you're looking to learn, and we can set up a time to talk.

Asking about the SW suburbs specifically, in the land of long sidewalks and big actual parking lots.