That’s why I’ve stayed high level.

Its best to do your research especialy on the city or town level. 

“Do not let wet clothing or towels sit for long periods — they can cause black stains on walls or ceilings.”Have tenants sign a Mold Addendum acknowledging that they understand their role in preventing moisture issues and will notify management promptly if they see any black stains or experience leaks.Landlord ResponsibilitiesAddress leaks, water intrusion, or condensation issues immediately — prevention is key.Hire licensed contractors for roof, HVAC, or plumbing repairs.Keep documentation and photos of all tenant complaints and maintenance actions.Maintain proper ventilation and dehumidifiers in basements or areas prone to moisture.If mold is confirmed, notify tenants in writing about the remediation process and timeline.Tenant ResponsibilitiesReport leaks or water damage as soon as possible.Use ventilation fans during and after showers or cooking.Maintain reasonable cleanliness and avoid over-humidifying the space.Follow the instructions in the Mold Addendum and cooperate with access for repairs.Final NoteMold prevention is a shared responsibility between the landlord and tenant.

Before you agree to sponsorship, I would definitely make sure you will be getting the level of support you want & need. 

What many fail to recognize is that this isn’t true investing—it’s running a business, with all the operational headaches, turnover, and liability that come with it.How I am applying this advice to my own pipeline: Amending zoning to an assemblage which already has approvals for 19 apartments (10 converted and 9 new construction) and two small storefronts, into a concept that has an expanded restaurant/ground level beer garden use.

I still see deals coming across my desk that will get this level of cashflow, but they are not beautiful properties listed on the MLS. 

We’re already wholesaling land deals, but not at this level nor the way it appears that they’re doing it. 

Take no chances with the flooring when there is wall damage at the baseboard level.  

But having no skin or money is possible and is happening among people who have established a level of trust to make it work or have a project where the ROI is worth taking the risk

It really depends on your comfort level.