Experience is another thing - it shapes and challenges the knowledge you acquired and you always find yourself wanting of knowledge because each day is a new day with different challenges and demands as is each deal.

I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.

- This approach should be fine. 

@William Bohan, Yeah, being a CA resident you'll have to do a 1031 exchange or your tax will approach 40%. 

Every property comes with its own characteristics and challenges. we have sold to hundreds of investors by now and there are some that had a bad experience as far as the property goes but theres also tons who havent had any issues.

My wife and I have never really followed the $$/sqft. approach because it's not as accurate.

If you ever decide you want a more passive approach, there are turnkey companies out there that handle everything for you.

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

The numbers may be 30-40% lower than today's cost, but the process/approach to estimating may be good for you to review.

Once you find someone willing to let you shadow them, approach it with professionalism and a willingness to learn.