**Risk & control mechanics:**     In your JVs, how do you usually handle:   - Voting / veto rights for the landowner (sale, refi, major deviations from plan)     - Guarantees and completion risk (developer vs. land side)     - Protecting the landowner if the project stalls, market shifts, or costs blow up?

In the meantime, make sure you’ve got good insurance and an umbrella policy, which usually covers most risks for beginners.

From what I understand:You can’t rent out a home that still has lead pipes until they’re addressed (at least not without risk).The city is replacing them, but progress is slow.Even after the city replaces the public portion, I’d still be responsible for the private part inside the house — which can be expensive.So I have a few questions for those who’ve dealt with this:1.

So that does help with re sale. going to play the game one must take some risks if these deals were risk free we would never get a shot at them..

I’m trying to understand the full process and potential risks before making a move, so any personal experiences, advice, or recommended resources would be greatly appreciated.Thanks in advance! 

The reassessment risk is real, but probably more predictable than in a rapidly developing area, like Woodlawn.  

Everything about that method lowers your risk and increases your ROI. 

The second risk in my opinion is the title and the type of deed some auctions provide.

First floor condos will be at the highest risk of flooding.

Also align leverage to risk instead of one-size caps, and reward clean execution with lighter docs and quicker draws on the next deal.