Another would be you are building other units next door/nearby and you can chalk this build up to the "learning curve".I didn't see a CFO on GLH or GLC's website, but I'm sure you have someone doing this type of financial analysis for your developments?

I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.

There is a lot to learn about with these buildings and areas. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Hi Raymond,I’ve been working with investors on Fix-and-Flip projects in Florida for over 20 years, and I’d be happy to share what I’ve learned.

When you get an agreement with a contractor follow it, don't go against the contract...trust me the above are expensive lessons learned..you're benefitting from my pain.Hope this helps.

So back to the drawing board, but for myself the big takeaway is to continue on the course that I set out on and too continually learn and stay involved with goals that I set out on and to stay focused.

I am always trying to learn how to do better in this type of space. 

Recently moved to "south of the river", and would love to meet up with people from whom I can learn from.

Its a slow learning process if you havent been in the lending, investing or real estate world before.