How are you validating your renters because he’s a huge red flag! 

A great agent will bring up and address things you haven't thought of, good and bad.They will have ideas for physical spaces, ways to increase income or reduce expenses and bring up pitfalls or red flags to address and account for.I am still seeking said agent.

Essentially, the bank is capping me at an LTV that makes it necessary for me to do one of two things:  Sell the shovel-ready development site to another builder, or 2) Bring on an equity partner to bridge the gap in my financing.  

Somerville is red hot, I think the only play I would make right now in the ville at this point would be to try to find a value add multi that I could add another unit (RB zone with enough land sq ft).

What are the big red flags I should be looking for? 

@Lane KawaokaThank you Lane, I doubt you remember having a phone conversation with me at the end of last year, but you helped me realize I just needed to take that first step.

If you are interested contact me at your convenience.

.* A generator on a job like that is a major red flag.

They want to bring more govenrment red tape on how housing providers and investors do business and want to create a tenant welfare system charging huge fees and price caps on rents.If you're landlord or investor in Lon Beach please call the city council and get the word out.... the city council did a vote under the radar and behind closed doors.

So example... if they actually have a $35,000 offer I am willing to pay $36,000 as long as they submit a copy of the $35,000 offer to me at or before closing.