You are very detailed about your complaints, but never mention basic important details such as what kind of rental agreement was given to these tenants?

I knew that this person was a convict and on parole, and for some reason in the moment I had felt pity for them despite everything they had done to me and to this project, and to "jesse".The next morning, this person was on my door step again banging on the door.

And you basically bank 21 nights then get to use 21 nights from someone else.

Loan administration can have a huge impact on how much cash is required to advance projects.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc. 

Some of these investors might let you walk some of their projects.

An auction or an estate sale might bring in buyers interested in its potential or historical value.Market it As-Is: Listing the property on the open market as-is might attract DIY enthusiasts or investors looking for a project.

Hi @Mark Hafner, we are active in the Spanish real estate market and have been developing several real estate projects in the last few years in the Valencia area (Valencia city and the Costa Blanca).

Do I want something a bit more active or passive (how much time do I want to spend on this property or property project) That should start help you narrowing things down a little and once you're clear on all of that you'll have different criteria to overlay on when looking at deals in Perth/Melb/USA to fitCheers

One thing my wife and Iearned doing this was the noise from projects can be an issue.