I imagine there may be steps to take with the city upfront to determine if in fact the ground on the lot can be built on, but some general guidance or tips on best place to start and what to expect throughout the new construction process in Buffalo.

It's possible the engineer is agreeing to take on the ENTIRE development process and manage the entire development of the project but that would need to be clearly defined in the roles and responsibilities of the development partnership. 

Then, I’ll start the process for the second one, and so on…What about you?

Like anything, the start is the most difficult steps in any process.  

When I first started I purchased them and when it came time to use it the process was a nightmare.

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes

Henry, when working with distressed debt and modifications for re-performance, 12% is not hard to realize for yield and Dave has this process nailed down from years of experience.

The screening process is crucial because tenant quality can vary widely, even under the Section 8 program.

@Ben BergHere is the process of renting a property with a roommate, focusing on cash flow, financial arrangements, and renovations.