Pecunia non olet"

My objective is to buy about an acre of land, that is already leveled, access is being done, and utilities are going to be 5 feet from the property; and then build 3-4 shell retail spots on my plot, owner occupy one of them with a business and lease out the others.I am meeting with a developer this weekend, but have some wrong numbers regarding the average cost of building a shell space. 

A cabin that in theory would have cash flowed positive almost $1K/month had the kitchen drain go through the crawl space and dump out about 4' away from the house.

It’s fantastic to have someone with your level of experience and passion joining the investment space.

If you think there might be the possibility of development raising the value in the future, you could try renting out the property to others for non-intrusive uses - parking, roadside vendor, etc. 

Is it overkill for a potential non-problem?

That means either you won't cash flow or your Return on Equity (ROE) will be terrible.Since this is your primary residence you'll be exempted from paying capital gains taxes when you sell.If you sell to your parents, it will be considered a non-arms length transaction and will get closer scrutiny.

I specialize in Multi-Family and Single Family Residential Development as well as Commercial and Flex Space.

Hi @Dave Harlan      I've done roughly 120 loans with them over the last 14 months on the broker side and have worked with just about every major lender in the space too.

Maybe a really nice outdoor space with tv and fireplace?