You have to know how to screen tenants well, know the landlord tenant code thoroughly, know how to send proper notices, when you can charge late fees, what to do if a tenant doesn't pay etc.I can't tell you how many owners have come to us over the years who thought they could manage on their own and got all the way to court, only to find they didn't follow proper protocol with notices or the late letter etc and have the case thrown out and have to start again.Also, are you local to do inspections? 

And the code enforcement back even 10 to 15 years ago was non existent. 

Jay, when we were looking at it a few years ago in a secondary market (this is where we specialize), the EV penetration was not that high.

If you're going to rent the space or sell it as livable space, it will need to meet code.

Or, are the failed projects going to kingmade investors that have "special" relationships with the lending banks? 

Also, you should update your NAICS code as well to align with your new name and business focus.

Sponsor has executed this strategy multiple times, management company specialize in this kind of asset-Does the Asset support the business plan?

I have searched for this on the forums extensively and online, to the point where I've started building my own and writing the code myself.

These are professionals with additional training and a stricter code of ethics.

Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capital gains taxes by reinvesting the proceeds from the sale into a similar “like-kind” property.