Right now we are over 2 months into it being fully occupied and we have a pretty good understanding of the operating cost.

Has anyone tried to operate a business on a plot of land with minimal development until it builds revenue for a structure (flea-market, private park, outdoor event venue, etc)?

My question would be becoming a qualified assisted living operator and the certifications / licensing per your state (For me Texas) to get your property up to code?

@Wiey UnderwoodReach out to @Bernard Reisz, @Yonah Weiss and @Julio GonzalezAll three of them are BiggerPockets cost segregation experts, and each one of them operates a cost segregation company working nationwide.Also, read this post: https://www.biggerpockets.com/forums/51/topics/1075919-five-...   

Determine local/state laws regarding wholesaling and determine if (1) you need to be licensed in the jurisdiction you’re considering and (2) if you’ll be able to operate profitably while remaining legally compliant2.

I have the opportunity to list sell multiple acres of virgin waterfront property in Trinidad and Tobago.So I'm looking for potential investors as well.Which islands do your company typically operate?

A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.

Many of these markets are very well represented by sellers & turnkey operators here on BiggerPockets.

That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.

I successfully operate a small portfolio (3 duplexes and three single families) out of state and a good  property manager is essential.