The land was a separate all cash purchase.On top of that- I call GC and email every week.

I’ve seen folks inquire a lot about “cost” be exorbitant but it’s not for the world to set the payroll of the persons assistance they are requesting of.On another note, with that good of an LTV and DSCR - if credit is in good shape you should be in the low 7’s todays market.

I was in Little Havana last month and it seemed like every block had multiple CMF being built 5k is too small and you need to focus on t6 sites I'd focus on 15000 sq ft and up and higher equity for land only. at least 50% equity. overall decent strategy but you have to know what to do with the land in miami. it's already a buyer's market and plenty of sites that can be rezoned. there isn't much value to finding underpriced land off market. take it from someone who's looked at 500+ land sites in miami in the last 3 months 

For a new developer with no experience, I would count on having to have 25% of total project cost (if land is 150k and cost to build is 350k, total project cost is 500k so expect to put down 125k). 

For my first investment, I was thinking I could use my dad’s land that he owns with 3 septic tanks and 2 wells.

I don’t know anything about running gas stations but if you do, I recommend getting extensive insurance coverage for environmental land contamination. 

My assumptions based off research is I will be able to deduct 1/2 of all allowable expenses based off the ADU square footage (My understanding of that list below)  1/2 Mortgage Interest (Not principle) 1/2 Utilities 1/2 Property Taxes 1/2 Insurance (assuming I don't have separate ADU insurance)  1/2 general house maintenance (depending on the issue and if it's related to the ADU)  1/2 Depreciation (Home value, not land divided by 27.5)  KEY QUESTION: If my mortgage (PITI) is $5400, and all of those ADU deductions equal $3800 monthly, and my ADU income is $1800 monthly, am I allowed to pay the difference in "deductions" from my real estate business income? 

The city’s buzzing with major projects like Intel’s $20 billion plant, Google’s three data centers, and big land buys from Amazon and Meta.

However, you can only get a federal tax deduction for the state and local taxes you pay on real estate that you own, such as your main home, a vacation home or bare land.

My house is pretty nice, with a nice detached garage, and land.