Some 'ting fishy and smell of foul odor.ARV of $375,000 and buying for $103,000?

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

It’s never as simple as it first appears, which is why we always advise our clients to let the math guide the choice.

I originally wanted to buy into a vacation rental market but this last year has been crazy and we seemed to have been priced out.  

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

What else would you do with the cash if not buying another investment property?

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

Then bought my own deal the following year 37.7k sq ft warehouse on 4 acres in Plano.Been buying industrial for last 6 years.I think your plan is right, I'm a big proponent of joint venturing on commercial deals.

Michael,   A good book to purchase is "Professional Real Estate Development: The ULI guide to Business.   

Here's a detailed guide on how to screen applicants: Application Screening Guide