For example, when most of my development clients started building their portfolios, they picked up properties in areas where at least 1 of 3 things was almost always present: 1) They currently or have previously lived in the area, 2) they have family or friends that attend religious services in the area, or 3) they regularly visit family or friends that live in the area.

My background really comes more from construction and development in residential and retail construction.

If you can establish a solid network (even virtually at first), and maybe leverage your savings to buy a property with rehab in mind, the reward could be the path you're looking for to make those five-year goals a reality.Of course, the risks are there, but if you're comfortable and see the upside, it could be worth leaning into.If you need more insight into BRRRR execution or anything specific about market selection and building a remote team, feel free to ask.Hope that helps!

Balance Sheet can show how much was a building was purchases for, how much principal loan is still outstanding, how much is in escrow and how much is in tenant security liability, Construction typically in the long-term development are put in the balance sheet and not P&L.Most investors are doing multiple type of real estate, not just rental.

You always invest in areas that support your thesis on the development going forward, not historical.Everything you've mentioned is how you're emotions work.

Meanwhile, in the 4 years in limbo massive redevelopment was occurring in the area, and we were offered an amount equal to our investment plus a reasonable profit by a developer.   

Before myself and a few other builder developers jumped in.. it was hard to sell anything in those blocks of town..

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

Obviously the course designers have huge success in RE, but I am more interested in the course they developed and what I should expect to get out of it. 

Land  Development and vertical construction are hands down the toughest loans to get..