However if you are self managing, that is work. 

Hey All, one important aspect to consider about real estate developing paper losses.

No, you can manage multiple markets in one account.

Here’s an example of one of our current developments:- A development with 7,190 total linear feet could accommodate 119 homes on 60 ft lots.

. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000. 

We did a bunch of research on where to purchase a turn key property with management in place.  

Is it best to approach an architect or a land developer for what I am proposing?

@Tyler DavisUsing Locations in QuickBooks can get tricky, especially when managing multiple properties.

This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.

As RE developers we all know how important it is to hire good, reliable residential contractors.