I am the Business Development Manager for Property Management. 

I wouldn’t plan on paying myself until I had developed enough income for it to make sense.

I came out of college lost, like most, and with debt, again like most...I started out by working for a build developer in my area.

They combine: a registered agent service (for filings/reminders), a master tracker (spreadsheet/database for deadlines and entity details), a standardized document repository (folders + naming conventions), and consistent accounting mapping. 

The marketing will be to develop your buyers list along with potential sellers.

Did a lot of research and actually developed a couple web scrapers with the goal of finding under-valued military properties.Never amounted to much as we don't have teams or a presence near any bases.

Since many condos complexes either still had a significant number of developer owned units; or speculators had purchased the units and rented them out, very few condos qualified for financing. 

City of LA's development standards are very nuanced, so you'd have to check with an entitlement consultant or architect.

@Zeke Flores Unfortunately, all DSCR lenders are beholden to the secondary market guidelines on this on a purchase, which would be to use the lower of the purchase price or appraised value when developing "LTV" for the loan. 

Build small units in small counts is very expensive residential development.