I saw this one and acted quick and would like to see how other view it.Cost: $345000Location: East missoulaDuplex (separated houses) 3bed 1 ba, 2bed 2baSeparately metered.2007 build (2/2) & 1920 build (3/1) (07 remodel)3/1 market rents are $1200 +/- 120 (currently)2/2 market rents are $1100 +/- $110 (currently)I will be living in the 2/2 for ~ 1yr (househack)VA loan used, 30 yr, ~3%PITI is around $1800/moOperating costs living there ~ $250/moOperating costs moved out ~ $500/moRents will go up in the coming years and this deal is located next to an area of rapid development and gentrification.Any input is appreciated and thanks for your time!!

It's like a development deal in considering your engineers and architects as partners.

I'm a land broker who sells land for residential development. 

Peace and Blessings folks... can annoy one recommend me any good books or point me in the direction where I can find some good solid step by step information to read up on the process of developing/building properties from the ground up.

Once information is developed for one platform, it’s efficient and strategic to adapt it for others.

Also learning house hacking in cheaper nearby markets can be very effective to develop experience and maybe even capital without having to purchase a primary residence.

I remember hearing someone tell me before to always place properties in LLc to avoid demo fees or fines if that were to occur but i typically do some type of development with the properties i purchase or I sell them.

I think the biggest challenge with STRs is the initial setup and development of systems. 10-15 hours a week is more than enough time to manage your STR once you have all your systems in place (think cleaners, guest messages, house turnover, pricing management, etc).

Hey everyone,For those of you doing new construction, how difficult was it to secure a construction loan with favorable rates on your first or second development?

@Jacob McDonald My suggestion would be to develop your metrics....1. what type of investor are you?