I can imagine if you want to purchase something, there's thousands of other areas to choose from where you wouldn't be losing so much money.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

If you choose an area or decide to work with people who will take up more time due to the low cost of entry, you may end up paying more in the long run. 

There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally. 

If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

I think there is almost no reason for you to say that it is too complicated when something like a 203k loan can get me a multi family house for a lower interest rate and lower down payment while still being cash flow positive.

New to RE investing, have watched tons of BP episodes.My goal is to pursue mid-long term buy and hold rental properties, either single or multi-family.

This property is owned by a multi-member LLC.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Save them all..if you ever decide to do a campaign of your own, you will have good examples to choose from.