Example if a volume listing broker has below market rate co-op of 1.5 to 2% to buyer broker then buyer might be required to buyer broker to pay 1% more of the purchase price to meet a minimum fee agreement.It's more rare to find a highly experienced commercial buyers broker as most senior directors stay on the listing side with teams and have junior agents do the grunt work and marketing and screening of buyer leads that come in to see if they are worth anything.Like anything in life you pay for the experience level.You can get junior agents desperate to make a buck to keep their lights on and feed their families that will work for whatever but they have limited networks just starting out and almost no knowledge or experience.The buyer can focus on the 20k or 40k extra they pay to a highly skilled buyers broker and decide instead to work with a junior agent and then get hit with a 1 million mistake to their investment capital.I am not talking about big funds, REIT's, developers that have bought hundreds of times and do their own thing.

You could develop a deep and trusting relationship with a lender only to find they sold your loan to an out-of-state investor who could give a rip about you.Private/Hard Money lending has exploded.

Otherwise it is just like analyzing any other development deal, only there is no demo.

Same exact build in the current faze of the development are going for 303K. 

If you were to start developing where would you lean?

My questions are what tasks are typically completed during a turn and what is the average cost and time to fix up a unit?

The HOA for the development has assured me that I can househack as long as I'm living in the property.

that is curious my only thought is the UPB is actually higher given default rates etc.. or the theory for folks is simply loan to own.equity is so high you take on the risk of low return for the chance to own the asset through DIL  as we know if there is a lot of equity more than likely someone will bid it at courthouse steps and you wont acquire it anyway.we have bought notes for the sole purpose to own the asset mostly properties that could be developed that most note investor simply looking at the notes and zillow etc would not know the HBU of the asset..

I would recommend reading the following books;Millionaire Real Estate Investor by Gary Keller - This book is all about reverse engineering your goal a breaking it down by steps.The E-Myth by Michael Gerber- RE Investing, construction, development, property management, etc. 

Hey @Evanson Michel, I work in business development for a RE company and we may be able to help (not me personally).