Yes, that is all correct, especially since we are in a very small town and the property location is fairly remote.

If you have mastered RE principles, assessing the value of the collateral is fairly easy. 

I think you need a little more education and a mindset shift.Real estate investing is a fairly simple process.

Playing an appreciation game can be risky.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

It’s a good idea to review local real estate development compensation norms or even consult with a lawyer to ensure the deal is fair.In your uncle’s case, the terms seem fairly favorable to the engineer if he is only handling the development and not contributing any capital.

The price I thought was fair for the quality and that assurance these ones were not breaking. 

Does seem fairly reasonable 🤔 went high on the Reno estimate and maintenance costs ect and low on the rental amounts.. so hopefully it will work out better.. 

They have an app that you can run comps on, play with rehab budgets, do ARV calculations as you drive for dollars and apply for the loan on the spot.

However, if you’re requesting in-depth consultations like landscaping costs or detailed property assessments, it’s fair to offer compensation for their time.My advice: Start by finding an agent who understands STR investments in Joshua Tree.