I've paid many professionals who royally messed things up.At the end of the day if the work performed concerns you, make sure you have a good building inspection done.

2) Performance - How have your past deals performed?

My recommendations to anyone who is in corporate and wants out - Do not perform for the audience who does not belong to you. 

I break down each phase of the process and list all the details required to check off the tasks required to get a buyer from the interested stage to the closing table. 

I found two buyers willing to buy my contract to purchase as my obligation to perform had not expired.

What would happen if your buyer wanted to have your licensed GC company perform the work?

I think it's ok to buy and not get a great return, but don't try to convince yourself a property is performing better than it is.

Let's say I found an under performing property where I know I can add value by reno, raising rents, minimizing expenses, etc., I will be basing my asking price for what it's potential value will be after I'm done fixing it up?

For example, you can be totally me fine we me performing open heart surgery on you even though I am not a Doctor, but it's still illegal.

Some lenders I know will do for less but the goal would be for you to raise rents on non-performing units, which there probably is.You can also buy the portfolio, fix up individual buildings then sell off the ones you don't want.