Ensure dependencies are managed to prevent bottlenecks.

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. 

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

I will shorten my pitch and change it depending on the landlord I learned from talking and typing to different landlords that I need to talk more like myself when its a normal run-of-the-mill person but when it comes to buisnesses they expect and usually respond better to "professional" talk. 

Depending how long your LTR was in there, you might need to fix or update a few items. 

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

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

@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.

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.

It also depends what type of neighborhood you're buying in though as well.