If you had another deal you projected to generate more than 11% cash on cash per anum, then you should've sold this.

Projecting a 6 figure cash flow annually, I decided to take a more aggressive approach into the investment world.

Here's some information on a plot of land I am looking at:The plot of land is $70,000, in a beach town (not a popular destination, but also not in a completely run down neighborhood)Has already been zoned/approved for 750 unitsBased on demographics I put rent at $1200 per month per apartment I calculated a construction like this will be around $7 million.Basically, I ran the numbers myself, but I know they are not spot on, and I am simply asking for advice from somebody more experienced in this field to help me out by pointing out things unique to these types of projects.

My plan is this will be my 'start retirement' property :-) I am going to do my standard 25 year amortization loan in case I run into any unexpected things along the way, but use the projected cash flow on this property to apply all of that to paying down the mortgage early.

By happenstance we were looking for our first project and found it on Zillow a few days after it was listed, we’re the type that will run the numbers and if it’s worthwhile or at least looks to be fun we will jump at the opportunity. 

I'm currently a project manager in the construction business but I don't want to do this for the next 30 years.

I imagine people have many different reasons for going fsbo, as we did with one of our projects.

There are pitfalls, especially if you are low on income and this is your first project.

And we do a lot of small residential projects - additions and new homes.

@Stephen Thomas What's the projected time frame and amount you are needing to fund?