Hello Everyone,I work in real estate development by day and also build financial models for investors in my spare time.

My advice is to get fully licensed, and work as a business development person at a firm.

I had one developer try to use a proof of funds letter from the Bank of Indonesia for somewhere in the neighborhood of $500M.

I am working to develop 3 new homes in Gastonia, Gaston County, NC, but have just received bad news that my land will not pass a soil test/perk.It has an existing septic system on Lot 507 , for only 1, 2bdrm home and the County did not approve for us to expand or replace it.

I'd add in any new developments or chain restaurants/coffee shops/stores that are nearby.

@Jon Ansell Don’t take this the wrong way but if you’re asking these questions you shouldn’t be undertaking ground up development anytime soon.

Consider using an addendum to address these issues.Tenant acknowledges and agrees that (1) tenant assumes responsibility and liability for any injuries or damages that may occur resulting from or caused by the furniture or the use thereof; (2) Landlord shall not be liable for any damage or injury to persons or property caused, directly or consequentially, by the furniture or use or misuse thereof; (3) tenant assumes the risk of injury or damage by any unknown furniture conditions; (4) Tenant shall properly warn any persons on the premises of any actual or potential dangers relating to the furniture; (5) no person other than the tenants and authorized occupants and guests may use the furniture; (6) the furniture may not be transferred, leased, or sold and shall remain in the premises; (7) the permissive use of the furniture is not a right granted to the tenant and may be revoked or altered at any time by Landlord; (8) Tenant shall immediately notify Landlord in writing of any actual or suspected dangerous conditions that exist or may develop as a result of the use or misuse of the furniture; (9) tenant shall not use any furniture, nor allow the same to be used, in a manner not intended by the manufacturer and in a safe manner; (10) Landlord shall not be obligated to provide, maintain or supply any other furniture to the tenant; (11) tenant shall not make any modifications or alterations to the furniture; (12) tenant shall hold Landlord harmless and indemnify the Landlord for any injuries or damages suffered to tenant, his or her guests, family, invitees, occupants and any other person present with or without the permission of the tenant, arising out of the use or misuse of the furniture;(13) tenant shall properly keep and maintain the furniture and is responsible for any damage caused to the same, including but not limited to removing stains, cleaning, and repairing; and (14) if the Landlord sells the property, Landlord has the right to remove all furniture upon and in anticipation of closing of the property.

I recently began my journey as a Mortgage Loan Officer with loanDepot, where I help clients find the right financing solutions for home purchases, refinances, and investment properties.Before transitioning into mortgage lending, I spent years in institutional finance and trading, where I developed a strong foundation in markets, risk management, and client service.

For those with some small multifamily development under your belts, what would you recommend or highlight for us to consider and include in our due diligence? 

Development?