Since we will be investing remotely, we plan to work with a property management company to oversee day-to-day operations.Does this sound like a solid strategy for a first investment property?

Happy to chat and get a game plan in place for you or answer any other questions you might have.

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

2) How long can your reserves support the negative cashflow3) What's your plan to solve negative cashflow long-term?

Most will not do 100% loan-to-value so plan on something less than that for the loan amount.2.

The roof, AC, plumbing, electrical and flooring will eventually need replacements.

There's supposedly a large medical center being planned, which will also need convenient housing.

Fine-tuning your savings, building a reserve fund, and running detailed ROI projections will help solidify your plan for long-term success.Good luck!

We are not putting up capital, just handling all development/build planning and operations.