I picked the Waterfront area because of the development in this area (Phase 2 of the Wharf).

I picked the Waterfront area because of the development in this area (Phase 2 of the Wharf).

I picked the Waterfront area because of the development in this area (Phase 2 of the Wharf).

Spend time developing policies and procedures for everything.

I went from W2-->SFR live-in-then-rent-->SFR purchase and rent-->SFR live-in fix-and-flip-->small MF/townhomes-->Medium MF and failed-->wanting to buy a farm but the deals stunk-->more small MF/townhomes-->finding vineyards and learning to underwrite them-->2 years figuring out and putting first vineyard deal together-->now building a winery services business-->syndicating development of wine grape vineyards in our area to grow an empire.The point is this: Life is unpredictable and fun, unless you're doing nothing.

You'll develop first hand knowledge of the business and put yourself in a better position to know the value you want from the PM that manages your hard earned asset. 

Development / new construction may potentially not be considered a capital asset depending on other facts and circumstances.

They have a development community that offers the same home type which fits into our desired commute. 

My thinking is it could be rented while the rest is developed, which when combined with trailer and garage rent would more than cover the payments.

I’ve owned a brokerage, did land development and run a turnkey operation before getting into wholesaling.