@Chris Sieradzki Yes Barcelona, in fact, our monthly event is tonight so feel free to join us if you can! 

Connect with a local investor friendly agent and start attending local real estate investing meet ups.Good luck!

I recommend attending local meetups to network with other investors who buy locally as well as OOS.

I learned the hard way that I need the capacity to make the first mortgage payments in the event of default. 2009-10 still stings. 

Don’t I need him to attend the final inspection?

I  attended a couple local commerical real estate meetings and when I left I felt great about the knowledge and guidance that I have been getting from Peter and CPA.

Do you attend any monthly meetups or the GOREIA? 

@Royce Anies Here is the link to the next meetup scheduled for 12/23https://www.meetup.com/NorCal-Real-Estate-Deal-Maker-Sessions/events/zmgmfryzqbfc/

If you are interested, we have an in-person event coming up this Saturday where we are diving in to AirBnB / Short-term rentals in Chicago. 

But per lot it will cost roughly the following:$1,500 Electrical poles, meter installation $2,000 water taps and connections$5,000 grading and land prep$8,000 septic installation (assuming a 1:1 ratio of homes to 1000 gallon septics)$5,000 down payment on each home ($700-750 / thereafter per unit)$21,500 total set up x 17 = $365,000Ongoing expenses after development would look something this for POH model: $12,750 a month in mobile home mortgages (17 x 750 for PITI on each unit) $1,900 a month in land mortgage PITI (house) $3,000 a month landscaping$2,000 a month in reserve emergency fund$2,200 management$21,850 a month total expenses $262,200‬/yearOngoing incomes after development would look something this for POH model:$27,000/month ($1500 x 18 {17 mobile homes plus house})$324,000/year324k-262,2k = 61,800 net pre-tax profit or $5,150/month.Opportunities to reduce start up expenses: Bulk deals with the government or contractors for doing all the work at once (electrical, water, land grading, septic) Trade free rent for someone to mow and landscape (turning a $3k event into a $650 event every month).