Most banks do not loan for what your intention is, but if you do own the land outright then you do have the opportunity to pursue a construction loan like Ryan mentioned.3. if your goal is to sell plans (approved I assume) then you have quite a bit of expense and months of city approvals/ meetings to go through before that is a reality.

The reality for me is that I have access to deals that most beginner or part-time investors don't.

If they have no family or church to help them, they need to consider their reality.

If you are getting financing from a bank or mortgage broker they will require you to get an Appraisal, but if you are funding it with private money it still may be a good idea to get an Appraisal done to give you a reality check of where the market really is.As investors, you need to have a benchmark to tell you when something is a good deal or not.

Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

As an example they add up the security deposit to the rent amount and the statement says they paid it to you, but the reality is that they hold it.So yeah their spreadsheet is quite useless and you need to build your own.Airbnb UI is better in many regards but they only pay you when the guest is in and keep the money between the reservation date and checkin date.

But on the affordability side: The reality is, people can only afford so much of a payment based on their  income.  

I would have to agree with Tom, interviewing as many brokers as possible. they all promise the world to get you to sign, but the reality can be a huge difference. i started with a huge office of 230 agents. not many are willing to actually teach you a thing. find a team that is interested in your success. 

Hi, my dad owns Xtra-Therm Insulation and insulates houses for Adair Homes, Reality Homes, Encinas Construction and a few others.

Those assessments have no basis in reality, the are simply a function for the gvt to collect the taxes that it needs to operate.