The entitlements would cost 50k to do. we'd make 2 million on the land if we do the deal. stick to the same market and same asset class. we do urban adjacent urban infill for midrise in hotels and extended stays and apartments in Columbus Ohio. what market are you in?

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

The location is in a booming area of McAllen, Tx with almost nowhere else to build and rents have blown up the last few years.  

Being based in Austin, you’re in one of the most dynamic markets out there, which gives you a fantastic foundation to build on!

Apparently, not only did they sell at a loss, I didn't get any money back at all and they claim I owe them an additional $40,000 for "renovations" despite no work being done to the building at all. 

So any extra pointers or tips , books, would be great guys I would love to connect and build relationships!

I agree with the above comment regarding the relationship you will build with a lender. 

Hoping for $325,000 for the build (budgeting for $400,000 with overages).

REI is a long game, but, in my opinion it is the best way to build wealth.I would start by narrowing down your market. 

Most everything else you mentioned has been fairly standard on my builds since the beginning.