Scope of WorkA solid contract relies on a comprehensive scope of work.

That is for you to model and assess.

Condos are less expensive to buy, but you have condo fees and special assessments and condo rules.

Learn about the Net Operating Income (NOI) and Capitalization Rate (Cap Rate)—these are essential to analyzing the potential profitability of a property.Return on Investment (ROI): There are different ways to calculate ROI in real estate, such as looking at your total return after a sale or assessing your rental income versus initial investment.

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

So depending on how much you pay for it, you can assess your cashflow.

From what I understand HOA/POA dues don't get wiped out with foreclose sale in FL, so if you see a $150,000 condo get sold for $50,000, could you still owe $100,000 in back HOA dues and special assessments?   

There are a gazillion AirBNB listings, condos are a horrible purchase right now with all the assessments going on from recent tragedies.

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

I specialize in teaching the strategy so that you'll have a comprehensive understanding of it and can determine whether it's good for you or not.