Mindset and mentality go a long way into making this work.

This has been an extremely stressful situation as a first time landlord and I am trying to best prepare myself for what the next couple months may look like for me financially, mentally, and emotionally. 

I don’t do the mental gymnastics of inflating cash flow in my mind on a property that I put a large amount down or paid cash for.

Not advertising a deal, just trying to understand what “market” looks like.Hypothetical (but based on a real situation):- Location: Central Los Angeles, Jefferson Park–type area- Asset: Existing 4-unit multifamily on a single parcel- Context: Within walking distance (~0.5 miles) of an E Line / K Line rail station, so it appears to fall into a transit-oriented development (TOD) pocket that should benefit from SB 79 upzoning (higher minimum density / height / FAR if standards are met)- Ownership: Held in a family trust tied to a probate / conservatorship, with a court-supervised mandate to (a) preserve the asset and (b) use it to support an elderly beneficiaryThe family side can realistically contribute **land only**; they don’t have the balance sheet or cash to run a full entitlement + construction process.

We embrace S8 applicants, but screen them just like any other applicant.Many have an entitlement mentality and try to leverage their S8 voucher by pretending to be helpless:1) A percentage won't apply because they expect a landlord to waive application fees for them.2) Many cry broke and expect a landlord NOT to charge them a security deposit.3) Many of those same S8 tenants trying to avoid paying a security deposit, won't make an effort to call the list of nonprofits we send them that will pay their security deposit if they apply.4) A lot of them try to avoid paying for utilities.

Does anyone have familiarity with this company?  I invested with them based upon the fact that they said they would be breaking ground in 4th quarter this year, they held a shareholder's meeting and said the funding f...

My 3rd project was a ground new construction project in the Chicago Bucktown neighborhood.I'd highly suggest getting in touch with some active developers and spending as much time with them as possible. 

I would love to be a resource for you as a lender, and I actually also have a masters in mental health counseling.

You have a poverty mentality and are trying to do things on the "free" without knowledge.

Quote from @Andy Chen: Hi all, I’d like your advice on how to structure a potential deal.A friend of mine owns a property outright that still has plenty of space for additional development.