That is how I use the rule 

@Josh Young - Are there opportunities to buy new builds for investors?

I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.

HOWEVER, there are two completely separate apartment buildings on the lot. 

Also you seem to be motivated to build since you already have these lots. 

Happy to connect and work with anyone trying to expand their business.I am working on building an industrial portfolio of my own - consistently searching and analyzing deals.My main market is Southern California, but I am slowly expanding my lens across the US.Ronald Rhode and Chad Griffiths are the best content creators in the space hands down. 

We value building deeper relationships with investors with whom we align perfectly rather than having superficial relationships with everyone who wants to buy. 

I recently sold one I had on Seabrook Island because the club/regime/HOA were frequently changing the rules and making it harder to operate smoothly.

Building a Consistent Pipeline of Distressed DealsOne of the significant challenges in scaling your operations is ensuring you have a steady stream of promising distressed properties.

With regard to my parents, I want a good relationship with them so they can build my credit history.