My Fiance and I are very familiar with the arbitrage model, however the main benefit of the course would be to scale faster than we could alone. 

Investment Info:Single-family residence other investment in Los AngelesGilmore Homes - Gilmore Loans, LLC is launching its affordable housing model soon, the MG 599 Modern Model.

We also have model units that are available to show via a property tour. 

I moved this post into that forum, for example.You can see plenty of thorough discussions there and it is just ramping up.We also plan to do more investigative style journalism, come this summer with PassivePockets.

Regarding running model / proforma - simplest to create something in excel that you can adjust the numbers on.

The other thing...all the loss models are being updated with these events making insurance risk higher which translates into a higher quoted cost...so no surprise to the industry folks. 

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).

We cut our own with a builder’s supply purchase 8 years ago, still looks like new and it only cost like $150 plus the saw blade (small galley style kitchen).

If you’re a relatively inexperienced RE investor, I suggest you try renting out your home first to determine if this approach suits your style.

Lots of people think that STR is just instant cashflow, but it is fundamentally a different business model.