We’re not married to any Particular development, but ideally we’re looking for something newer (less than 5 years), detached with a good sized pool (not splash pool) We’ve been looking at 4-5 bedroom homes in Championsgate in the under 600k range.  

For instance if I’m looking at potential capital expenditures over the next 5 years and the range of the cost is between $25k and $75k, I would use $75k in my projections.

I've even had tenats bring their own range, but usually that's included in the lease as are dishwashers. 

@Keegan Wetzel I just relocated to the San Diego area as well, and would like to connect with your CPA, could you possibly send me his information?

I live in Hawaii so finding a Multifamily is going to be a little out of my price range haha but thanks again!

I would say get to no many neighborhoods.Also not much in 200K range any more.$300K is the new $200K. 

I just want you to go into your investing as prepared as possible. 

It’s possible, but I wouldn’t advise it.

@Kristi Wolfe I would be glad to connect with you and talk through possibilities for helping your son purchase a property in Tucson!

Most of my CFO clients that are in residential development are looking for IRRs (usually over a minimum 5-year period) in the high teens and the commercial developers are looking in the low to mid 20% range.