But after I pass the initial learning phase, I know more than him in property management, I can manage independently.So find your ally, somebody or some organization (bigger pocket it is) that can support you, help you when you need answers or solutions.

Perhaps into two segments, pre groundbreaking/planning phase and a post groundbreaking phase.?.

You will need to do a real good job documenting both communicating this during the rental application phase and also for people you turn down or have moved out.  

We have several projects in the pipeline in Yucca Valley and Joshua Tree at various phases and have plenty to share.

I went through the “gathering of mortgages” phase many years ago.

I think this is going to get worse before it gets better, and 2024 is going to be a part of the "getting worse" phase.

So real estate is generally a lot harder now then during that growth phase.

You could even potentially flip that contract as it's not super easy to get a contract that a seller is willing to wait through that entitlement phase.

It changes to 80% then decreases by 20% each year until it is phased out.You can do a look back as well and claim the resulting write-offs without amending prior-year tax returns.

We are very much in the beginning phases of this research and know nothing about the business loan, etc.