Many investors would rather have their money today rather than many years in the future, and the “waiting game” is arguably the biggest drawback to land banking.https://retipster.com/land-ban...I have met Cody personally and I do know he is  knowledgeable at getting land entitlements.. this is a land entitlement play NOT a LAND BANKING play..

The literally single biggest mistake that people make is to buy a class D property, because it was cheap to begin with, 90+ days on market and they were able to negotiate a "discount" - ask them a year later how that worked out for them. 

The biggest thing I have learned is to pick your market intelegently.  

Downside here is you have to pay your 401k back and are limited to the lesser of 50k or half the market value of your 401k.In either of these scenarios, I think you need to evaluate the details as a whole with numbers. 

As far as the land itself goes utilities are most likely going to be your biggest due diligence item.

Share your biggest challenges when funding your deals, is it Interest rates, down payments, or something else?

Only downside would be if you wanted to rent some garages without including charging. 

I have doctors that I invest for and frankly the biggest problem is convincing hem they are not the expert.

Looking at AirDNA results, my biggest concern is occupancy rates, most of the calendars I look at have large gaps in them, and when you spend close to $500/sq. ft at current prices (in STR-designated areas), your property needs to rent well above 80% or you charge crazy nightly rates.We've also seen very few property management companies that charge less than 25% there (and 25% is rare), and some STR neighborhoods require you to use their designated PM (Desert Colors only allows Red Rock, and they are at 40% commissions - ouch!).

Unless you own the house cash, in addition to the advice you've received, you can't just transfer a house from personal to an LLC without risking the option of the loan being called since the LLC does not have two years of tax returns.For new investors without cash to buy, LLCs are about the biggest cause of analysis paralysis out there.