We would just stop by periodically to check out progress and make punch list change orders as needed.Congrats on the West O duplex!

They can provide you with a more accurate assessment of your borrowing capacity.Good luck with your home search, and I hope this information helps!

@Nicole Johnson welcome to the forums and congrats on your progress so far!

So it should be assessed like every other deal: purchase price, rehab costs, rent level, expenses to operate, etc.  

I'm not sure I completely agree with your assessment that raising equity is more risky either.

You can not ratio and pro-forma your way through assessing any bar business.

I agree with Will's assessment, comps are telling you something.

The developers try to time the market for a project.So I have seen developers go I will buy now to lock in a low price and pay the carrying costs OR I have seen them wait until new council members get in who are more pro growth OR they wait for a good time of them year to build.For a seller one of the main reasons they do not get a rezone from residential to commercial is the cost and time involved plus once you get zoned to commercial you will get hit with higher assessed property taxes and the land might not sell for years instead of months.Just try to talk to whatever development group is interested and express what points are important to you.

And I don't consider such people thieves.But if I'm at the point where an eviction is in progress, it means we've not been able to resolve the situation and I've not been paid.

. :)Do you think that getting into the finance side accelerated your progress with buy and hold?