My Fiance and I are very familiar with the arbitrage model, however the main benefit of the course would be to scale faster than we could alone. 

Investment Info:Single-family residence other investment in Los AngelesGilmore Homes - Gilmore Loans, LLC is launching its affordable housing model soon, the MG 599 Modern Model.

We also have model units that are available to show via a property tour. 

I told them that I have not heard of one coaching program that actually uses a mentoring/apprenticeship model. 

Regarding running model / proforma - simplest to create something in excel that you can adjust the numbers on.

The other thing...all the loss models are being updated with these events making insurance risk higher which translates into a higher quoted cost...so no surprise to the industry folks. 

Now nothing can be done to the house except to bring it down.Most of these issues are things I should have identified before buying the house, had I done a thorough due diligence as most of my assumptions were wrong.The purpose of this post is to educate new and aspiring real estate investors on steps to take when New Acquisitions is involved in the sale of a house.

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

For all the newer investors who may have not made a deal yet, I encourage you to put your personal financial aspirations aside somewhat and just get the first deal done, even if it's not a great deal for you. 

Maintenance is NOT 35% no matter what your model may say.