Depending on the state and even the county, the eviction process can be a nightmare. 

It also depends how nice it is compared to the other options out there.

Jersey City is hot right now but like I tell my clients the majority of the time I can find them deals that make more sense in Essex County but that depends on the client and what their needs are along with their comfort level. 

Ensure dependencies are managed to prevent bottlenecks.

Also, beware that building in a location like that can be a very long process depending on where you're talking about.

If you want to move assets off shore those assets may or may not be subject to collection depending on the country.  

For a partnership where you're providing all labor and the broker is funding the deal, a fair split typically ranges from 30-50% for you and 50-70% for the broker, depending on the value and complexity of your labor versus the financial risk they're taking.

@Eva Sha - Yes, I generally advise emerging developers there will be anywhere from 5%-8% in closing costs (depending on the size of the loan), which include lender costs/fees, attorney's fees, and title fees, plus any other consulting fees.

Hey @Tom Dieringer, there is a ton and at the same time, not much at all.It really depends on the market you are in.

You need larger down payment: 15 to 25 percent down, depending on your profile and property type.