For a purchase analysis, I would have included the cost of management in the expenses because that is a normal expense associated with a commercial building. 

Most investors treat recreational/farm parcels as long-term appreciation plays unless they layer additional revenue streams or secure creative financing.Happy to dive deeper if you’re exploring a specific market or strategy — I work with several investors in this space and have seen a range of approaches.

Beyond interest rates, points, and fees can really add up.Before committing to a loan, always calculate your true cost of funds — it can change your deal’s entire ROI.What’s your go-to checklist before finalizing your financing?

Finding land at a reasonable cost has gotten tough.

If you do want the guaranteed money and to avoid turnover costs, you can accept TRA — but it’s a choice, not a mandate.Just make sure you submit the paperwork directly to the agency, not filtered through the tenant.

Their sale is banned in Ca, but you can still rent them at some places.Keep their deposit as it is a costly remediation on a full unit.  

Costing them thousands and making them lose out on homes.

Typically east cost.

What follows applies to Las Vegas and may apply to Coral Gables as well.While condominiums offer a lower entry price and perceived lower maintenance costs, these advantages are often outweighed by operational and financial drawbacks.Higher Tenant Turnover: Condo tenants average under two years of occupancy, causing frequent vacancy costs.HOA Fees: Steep HOA fees directly erode cash flowStiff Competition: Condos compete with apartment complexes offering premium amenities (pools, theaters, gyms, free WiFi), keeping condo rental rates low.Appreciation and Rent Growth: Condos have fewer potential buyers and renters, so they typically have slower appreciation and rent growth than single-family homes or townhouses.Uncontrolled Maintenance Risk: Close proximity leads to cross-unit maintenance nightmares (e.g., an upstairs leak damaging your unit).

They are probably thinking just the cost of materials but it is going to cost more than that obviously.