My father is not interested in keeping the properties in his name and simply having us manage them, but is open to the concept of us owner financing them from him with a long term, friendly agreement. 

It helps to identify what your goal is and then reverse engineer from there.

They also act like the ARV is the same as what a property would fetch on the open market.This simply isn't the case in markets like Detroit.

To have a more accurate number, it helps to accurately identify what percentile the STR would fall into and use those numbers. 

Now, if you’ve never done this type of development before, let me fill you in: you have to identify and (the jurisdiction will) relocate any human remains before proceeding with construction.

Many thanks in advance,Victor Talking with my friends contractors in the area... some of this contractor offered very low price for their projects betting to build many units and market changed and they simply started to file bankruptcy... when comparing cost it's common you will find higher costs ... been in this market last few years, houses will start to move again in the next months in a normal cycle (not pandemic cycle) , if you're goal is getting long term rental in place for delay gratification...

I work with a ton of investors, and part of that means helping to identify with them what their goals are, what their risk tolerance is, and what they want this to look like long term. 

I can help identify buildable land from San Jose down to Monterey County and San Benito County.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

. - Referrals and resources: Identifying an investment prospect is one thing, the due diligence, lending and team required to successfully close and mange it are another story.