I get it that you want to build a compound for yourself and your parents but unless it has to be specifically that lot in that city, being able to build 8 units is a pretty rare opportunity, wouldn't you agree....Again , I am just spit-ballling since you need to look at the numbers like construction cost per sq ft and prospective rental income.

Out of the 1,774 calls that were answered, agents were able to set a total of 19 appointments with prospective clients, and 11 referrals were received.

Also, do YOU show the apartment to prospective tenants while the current tenants are living there (with proper notice of course)?

There are markets that are emerging and depending upon the target home price and tenant prospect, there are several sub-markets that have significant opportunity. 

I do have a few mobile homes on my prospect list.

At first I thought no, because he brings the contracting to the table and has relationships with subs but, I've done the self prepared DM marketing campaigns, taking phone calls, building rapport with prospects to sellers, finding the deal, building our team (lenders, title, insurance) for the past 6 months, and did not get paid for any of that work.

Curb appeal is essential to get more prospects interested in living there. 

If the long term prospects for your location are weak, you might want to take your profit when you can, and redirect it to a better location.

A lot of prospective tanants are either unwilling or unable to fork over four months worth of money up front and when other LL’s are asking three, it tends to cut down your list of prospective tenants. 

Hi @Ernest Grindle I have been driving for dollars and I found some prospects and I am going to do my due diligence to get everything correct, learning a lot though.