Find an affordable architect and civil engineer who can provide some concept plans and help you with land planning.Then go find sites that are big enough for your project and add the land costs into your proforma to see if you hit your target IRR.You should get your ducks in a row before you chase sites.  

I understood the basic concept but was wondering if the definition just varied, or if I was missing something. 

I live in Prince Edward Island Canada There is a property down town that a guy is completely gutting from the inside out.

Try North American Savings Bank and First Western Federal Savings as leaders in the field.If the trust is under an IRA, then you will want to be sure to educate yourself on the concept of UDFI taxation on debt-financed real estate income.  

The concept isn't that the vehicle is being towed for the past due UNIT rent, its being towed because the PARKING SPACE rent was unpaid.

I am currently exploring the concept of Co-living where landlords charge per room.

@Ali Boone, Oh cool, I got to visit Edwards AFB and a couple companies out there a few years ago with my design class.

As I said, the only potential costs are structural damages (such as infiltrations, etc), which are unlikely in the near future (as the property was now fully refurbed), and will be covered by insurance.It is quite a cool concept, especially for overseas investors IMO.

In concept, the idea sounds good, but the devil is in the details!

She's been very forthright with us in our dealings with her so far, and I have no reason to believe she wont be in the future.I understand the concept of squeezing every penny out of a rental, and I don't see a problem with that, but I personally like to put a little good karma into the world