The inspector did point out some evidence of water damage on the ceiling and stated it might be from the upstairs bathroom...it tested negative for moisture but probably bc the unit was vacant at the time.

If a vendor purchased multiple truckloads of material at X cost and the market goes down, the material they have on hand is essentially overpriced.  

what starts bogging me down, is the notion that at the end of the  day... you have multiple loans that you have to keep up with? 

My pleasure @Tyler Divine...1) Essentially same advice as posted about in your lumber purchasing post... detail the scope of work, specify fixtures or state the allowance for them, and review all bids to ensure apples to apples.2) Funny you should ask about poor soils, as I was recently consulted by a builder on this very topic as they didn't perform soil tests prior to acquisition and excavation and spent upwards of $70K on the fix!

He is not a project manager, most small contractors can't handle multiple jobs, they think they could though.

If you're testing the waters, just buy adequate insurance to protect yourself until you have a proper legal structure.

Multiple credit pulls for a mortgage, within 30 days, are treated as one, since FICO knows you're shopping lenders for just one house loan.

@Raj Kumardid you not catch this in Due Diligence, always something to check for with multiple units, I had a mobile home court once charge me for every pad setting there at a base rate, talk about BAD

Repairs-  You cannot modify the property in any way so with some utilities requiring inspections before service can be initiated, any required repairs cannot be doneYou can have an inspector do a visual inspection and have a plumber do a pressure test which can identify some issues

A summary of the changes can be found here:SEC Staff Recommends Updates to Accredited Investor DefinitionWhat's good:You can now take a test to qualify under the proposed rulesThere seems to be some critical thinking about the thresholds and indexing them to inflation instead of picking an arbitrary number and leaving it staticThere seems to be some critical thinking about who can invest whatThose with experience in private deals can exempt outWhat's bad:It seems hard for portals or funding platforms to implementWealthy investors are capped unless they make over $500k annually or have $2.5M in net worth