Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

CCIM designation is considered to be the MBA equivalent among commercial real estate professionals.

Literally everything else was brand new.  

However, investing passively with a reputable reputation and track record has inherently less risk than owning your own property, especially if you are investing long distance.There are literally dozens of successful syndicators on BP alone that are actively doing deals. 

The title company that was designated in your contract will provide you with a title commitment to start.

I've seen some literal s$@#.

I like to rent homes that I would want to live in (and command higher rent), and designing is half the fun for me!

I would literally offer any and all profits to a contractor who salvage the property just to save face.

** Here are the numbers so far:$170K purchase$24K rehab spent to date + Engineering drawings, design etc $190K all in so far I'm getting estimates back to fix the structure plus the city wants to add a bunch of stuff brought up to code including replacing all ceiling joists etc

It is possible that I could wake up tomorrow in bizarro land and LA could turn into Detroit, we could hit an ice age and the great weather could go freezing, an Earthquake could put us underwater (literally), people in mass could decide that they prefer Omaha, all the tech companies, studios, and VCs could decide to move to Fargo, but I don't think so and I've got decades of data to back that up ... just in case my thesis is wrong, though, I always have multiple exit strategies to hedge against those kinds of risks and always watch and question assumptions.