However I must admit I also always invest in other sources of incomes so I invest in private companies where there is offered some control to me the investor and I do not ever depend on any management team that does not offer me decision making power such as in publicly traded companies.

I guess my question to you more experienced investors, should I should I buy the home now and assume the issue won't be significant considering the past 13 years of ownership, or should I apply for the conditional use permit and only purchase the home when that is approved?

She then made the original listing with realtor.I keep hearing conflicting information from people experienced in the market and I'm trying to sort out the gems.

Have you experienced any hate like this because you choose to invest or manage real estate?

Thanks for the inputs everyone, and thank you for not taking my questions seriously, as I'm sure for anyone slightly more experienced these questions may have looked a bit silly :) I've gotten more than what I expected to learn from this post, it seems that I didn't even properly differentiate private vs hard money!

Hello Team BP! 

It was not an easy one, since we are in CA and the property is in OH, but we made it through and are looking to take on our next project.Bought: $79,900Initial budget: $65,000Real budget: $97,000 (mismanaged project by initial contractor (and second contractor))ARV: $219,900Improvements:Brand new siding on the second floor (was not in the initial budget)New roof (was not in the initial budget)Sealed and painted the basement - was quite creepy down there beforeOpened the floor plan from the living to the kitchen by widening an existing walkwayMoved the kitchen from one side of the house to the other to capitalize on the stained glass windowsGutted the upstairs bathroom and added really good looking featuresAdded a half bathroom and laundry room downstairs by the entry to the backyardNew ACNew plumbingNew electricOur contractor performed extremely poorly on this job, and I am happy to share a cautious word with anyone who aims to invest in Cincinnati about the team at Kaiker Development and Creative Customs Carpentry.

The advice I would give is to find some wholesalers to source deals for you, source your own deals via direct mail or phone calls, and also work with your agent on identifying deals and crunching the numbers to make sure they really work before writing any offers or contacting the seller to see if an offer can be made at whatever price you are thinking of offering.You and your agent should be a team and should be working together on doing what's best for both of you.

So I don't want to be sitting there, having nothing to contribute other than question after question, not knowing a good neighborhood from a bad one, while experienced investors walk away from me mid-sentence (read about that several times on the forums here). 

Find a experienced real estate agent that is also a investor.