Always approach as a developer with a specific usage.

I agree with @Jamie Banks that, while it takes time, its best to develop these relationships organically.

I think stepping into development and new construction could be an exciting path to explore.What’s your take?

I think stepping into development and new construction could be an exciting path to explore.What’s your take?

For example, when most of my development clients started building their portfolios, they picked up properties in areas where at least 1 of 3 things was almost always present: 1) They currently or have previously lived in the area, 2) they have family or friends that attend religious services in the area, or 3) they regularly visit family or friends that live in the area.

Develop a team with essential members, focus on moderate property prices and high demand, and start with cosmetic flips.

Before myself and a few other builder developers jumped in.. it was hard to sell anything in those blocks of town..

In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC.

It's expensive in Mexican development to switch providers after this planning phase.

Balance Sheet can show how much was a building was purchases for, how much principal loan is still outstanding, how much is in escrow and how much is in tenant security liability, Construction typically in the long-term development are put in the balance sheet and not P&L.Most investors are doing multiple type of real estate, not just rental.