But, if they have something that is worth resale value, you need either the same thing or something equivalent to achieve the same value (assuming the other aspects of the comp -- similar size, type, location, age, etc. -- are the same).Comps don't mean, "This is what your house is worth..."

But to be more specific, I saw gaps between boards in the flooring, bathtub drains with paint still in them from reglazing/aging, toilets left with feces, and numerous other very odd issues that are not rocket science for basic cosmetic flips that I shouldn't have to point out to an experienced CG or PM.

Again, I am skeptical.For one thing a “Corporation” is not a “Company” and they have legally distinct meanings in formation.

Understanding the local quirks is essential for effective house hacking because every neighbourhood have its own distinct features.Good luck!

The road is not in, the water main not installed, the sewer main and laterals not installed, etc.Just having the engineering done, and the plan approved, adds significant value to the land, and makes it attractive to a developer who now, doesn't have to go through all that work. while in todays day and age yo would need all those approvals to create a paper lot.. back in the olden days paper lots were created by simply drawing them on a map with zero engineering they did survey though.. and there was no thought given to reality of actually building them or providing services.. 

You can't get to any profit until you are the correct age and you meet the IRS rules and regs. 

I am excited to get started in my real estate journey .You see I am late to the Real estate game at my age.

How can I do real estate at this young in age. 

The critical distinction between cap rates and discount rates lies in their time horizon.

I know you meant it as a joke, but these people are not ordinary immature "college students" age 17-22.