.🛠️ They take abandoned homes and turn them into safe places for families🌱 They bring life back to neighborhoods that others wrote off 📚 They create spaces for small businesses, nonprofits, and neighborhood services.They’re not just chasing cap rates—they’re using their development skills to give back, one property at a time.As a former Director of Lending at a CDFI, I exclusively financed the acquisition and rehab of 2-4 MF and small apartment buildings that overlooked by local banks and credit unions.Nearly all my clients had 1 of 3 things in common (many had all 3) that motivated them to complete their redevelopment project, they either:1️⃣Grew up in the area,2️⃣Still attend church nearby, and/or3️⃣Have a family member that still lives in the neighborhoodAnd here’s the thing:↩️These impact-minded investors still make a solid return, often with Equity Multiples over 3.0x.

@Clive Smith I have a sample log in format that follows the IRS Audit Techniques Guides (ATGs).

All “guru” type mentorship’s teach a specific “technique/strategy to EVERYONE and ANYONE (that will pay) REGARDLESS of their knowledge, education, experience or ability.  

While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conducting “field inspections.”It’s important to note that the ATG is not an official IRS document.It serves as a guide and cannot be used, cited, or relied upon as an authoritative source.However, the recommendations in the ATG are worth considering.According to the guide: “A field inspection is recommended to document the physical details of the building, type of construction, materials used for construction, the assets contained in the building, the size and types of building systems, and any land improvements that were included in the purchase of the property and the condition of that property at the time of purchase.”‍So while the IRS does not require a site visit for cost segregation studies, following the guidance from the cost segregation audit technique guide can be beneficial.At RE Cost Seg, we’ve adopted a modern approach that goes beyond these recommendations, utilizing video walkthroughs to provide a thorough, efficient, and documented inspection process.This ensures that every detail is captured, giving our clients confidence in the accuracy and quality of their cost segregation studies from us.

My property is in Texas too :) That's a good call with visiting the job trailers - I saw some "for rent" signs posted strategically around the development last week so I think we are going to try that too! 

I'm looking to get some advice on how to start off getting into land development?

I recently started investing into lead generation to generate leads for flips and land deals. I have 1 full time cold caller, 1 full time texter and a part time acquisitions manager. This is my second foray into lead ...

It’s definitely a learning curve, and the “good, the bad, and the ugly” all teach you something valuable about running a successful rental business.Would love to hear if you’ve developed any go-to techniques or philosophies over time for balancing all those personalities?

These are the techniques I would avoidhttps://www.azag.gov/sites/default/files/2025-03/CV2025-0084... 

Good afternoon Bigger Pockets!I have my eye set on a few empty lots with ideas to build duplex or single family homes. How can I go about finding partners to fund or even JV a project like this? What would you all rec...