For investors focused on socially responsible projects, this balance can attract support from communities and municipalities.5.

Without a solid plan, fix & flips would be huge gamble.

just to be candid, unless you're using some kind of creative strategy... you need a really solid amount of cash including reserves. 

I told him he can break the lease, but according to his contract until I find a tenant - he will be responsible to pay the lease. 

Sounds like it makes sense for you to partner, I would suggest: spell out responsibilities very clearly, how you make decisions and most importantly: have a very clearly spelled out exit. 

Ideally it should still cash flow solidly but may not appreciate quite as rapidly as the bigger market.

But given you experience with getting anything from this group, I would not hold my breath that you will even see a response, even if financial statements are required to be provided.So, then you next step is a lawsuit to force reporting.  

Since you are new to the market, you can look at what the top rent pulls look like and cater accordingly on the design.You always want to build relationships with contractors, but that takes time and you always need a solid bench, just like in basketball because some days your starting plumber just doesn't show up and you need to bring in the backup.The rates are the rates and they aren't going way down soon so it's just part of a different metric to evaluate in your new market.Good luck!

Thanks so much for your quick response! 

A good, solid PM will be key to your investing.