I’ve developed a Comprehensive Investor Report (CIR) for a property in Palm Coast, FL, designed to be transformed into a luxury rental asset while serving as the foundation for a scalable asset management strategy.Here’s a quick snapshot of the deal:Property: Red Birch Lane, Palm Coast, FLCurrent Value: $350,000+Mortgage Balance: $165,000Current Equity: $185,000Investment Required: $177,500 (for luxury upgrades and optimization)Projected Monthly Rent: $4,500 with 2% annual increasesTarget ROI: Full 1.5x ROI for investors achieved in 9 yearsLuxury Features: Smart home automation, designer finishes, professional-grade kitchen appliances, and more.I’ve also structured a capital distribution plan with a waterfall approach:8% Preferred Return for investors.Full Return of Capital to investors before profit splits.Post-ROI, a 20/80 split (Investor/Management) ensures long-term alignment.

I could be wrong due to glancing and it is only noted here as some investors may evaluate deals with that as a factor.

Maybe attend a chamber of commerce meeting and ask around where development will start.

Keep in mind, while the projected performance is very important it should not be the single driving factor in your decision.

My question is - if he has developed a "good" software (allegedly) and has a system in place, why would he pay $10k for people to find him deals using his platform and system if he could just pay an employee to find him deals?

I'm an experienced builder and developer looking to network with other developers, investors, and syndicators. 

This gives you a foundation for making a fair offer.Secure Financing: Be prepared to show you’re a serious buyer with funding lined up, whether through cash, traditional financing, or a creative option like seller financing.Have a Strategy for Repairs or Development: If the property is distressed, outline how you’ll handle improvements to bring it back to productive use.

There are at least a couple factors at play.  

Any investor or developer buy raw land lot (zoning code G) and go through the process with the city to convert to commercial use?

I am a 23 year old who recently graduated from college with a business degree focusing on real estate finance and development.