@Pavankumar RamadassVenkatesulu you're going to have some butterflies until you do your first deal so just do it one step at a time.

This is my first on-market deal and I've got some serious butterflies. 

Little did I know that venting to a friend at the CrossFit gym would butterfly affected my path to finding a job with BNSF Railway.

Say I carry the loan for 5 years and then owner refinances:Purchase price-                     ~$210KSale price-                               $265kPrice profit-                             $ 55KMonthly  payment profit-          $25KPrincipal balance buy down-  ~$25k   Total profit~                              $105K Taxes~                                       UnsureBirds and butterflies and no issues in above scenario. 

Just wanted to share my experience and say to others that if your gut is telling you over and over that you're making a mistake (and not just butterflies of doing something new-this was a different, much more severe feeling of panic), to trust it.

Avoiding major grading.City political structure that is conducive to reasonable subdivision map timing and conditions of approval.Market conditions that provide sufficient demand for lot sales and/or home sales to support the lot sales.No environmental issues, or toxic soilsNo biological issues such as endangered birds, bees, butterflies, salamanders, lizards, owls, or anything else that may be or could someday become endangered.No wetlandsNo blue line streams, or any involvement from the Army Corps of Engineers.No major flood control or drainage requirements.

I have attended sales for 25 years and to this day I still get butterflies.

Got butterflies because this will be my first multi-family and my first BRRRR property!

It's interesting to read that the national average larger home demand is up- I thought we were a unique butterfly in Sedona, with $150k-$300k+ a year gross income rentals, with 5+ bedrooms and red rock views.

Without that information it’s a big like trying to catch smoke with a butterfly net.