It's called PM Build.

If it looks like you can subdivide, then you can sketch out a preliminary plan or several variations to give you a sense of how many lots you can build.     

This is common for that build time frame.

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

The key is building systems and finding solid property management to handle things while you move around.

They'll wait years sometimes for the right down-market cycle to build.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Hey everyone,I’m diving into multi-family real estate in Los Angeles and California and looking to connect with like-minded people as I build my portfolio.

Right now there're some agents trying to sell me the new build homes, but I've run the number, with the current interest rate it's really hard to get a breakeven cashflow in 5 years. 

Obviously the end goal is to build my own real estate portfolio, but gotta learn to walk before running and crawling before walking.