The loan is underwritten based on the property and the borrower credit profile.

LA, I assume this is a 500k ++ project, again, move on.

I have a Facebook page for business where I show the projects that we are doing.

They are more relationship based and will look at your overall business plan and will lend smaller amounts knowing you will use them for more business later.

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

Hey Jeff, I learned about the different neighborhoods in my area by speaking with experienced contractors, agents, investors, and property managers.

Hi All,I considered starting a REIT to allow others to invest and build wealth in projects that I would start, but that was a much, much higher level than I actually have interest in pursuing. 

Lessons learned?

I, as a newbie, didn't know much about any of these things until I had already bought the house and there was a lottttt to learn as time went on and things broke, or I discovered things that didn't come up in the inspection, that later needed fixing.  

One last thing, if the land is not developed and does not have the proper infrastructure in place the project will be more costly.