This is evident already in the 32,000 square-foot Lego Discovery Center built last August, the coming Build-a-Bear to the mall, and community events PREIT has organized such as Taste of Springfield, and Cherry Blossom Festivals.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

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 do a lot of investor meetups, networking events, as well as some outreach - primarily to brokers, bankers, wholesalers, etc. - more so trying to build relationships and following the rabbit hole that leads us down.With regard to social media groups, is this primarily FB Groups?

We started a local art gallery and held events like weddings and other entertainment.

I recommend the Coin events.

They have many cool networking events with other real estate agents.

Any cost analysis is only as good as the numbers you start with and the assumptions made about future events.

Do this by attending RE events and joining a local investors association.

Additionally, one-time events like selling a home or making a large withdrawal from a retirement account can potentially increase your MAGI and affect your Medicare premiums two years later.