As you develop the park I would strongly recommend your homes be individually metered for water, sewer expense prorated and garbage paid by tenants via individual can service. 

However, I've learned a lot from that experience and am willing start over again- Make sure you stay on the top of them and fully account for the draws being taken as if they (Builder) have multiple projects I've seen where one individual's draw gets comingled with another property.

A tiered system works well: reward individual performance (e.g., quick work order completion) and team-based success (e.g., overall portfolio stability or income growth).Be cautious when setting pay expectations.

You also can sell individual lots instead of all together. 

., (e). https://www.revisor.mn.gov/statutes/cite/82.73(e) Property management functions for individually owned or entity-owned real estate.

We underwrite individually and on the portfolio level - stick with me here:Would we buy a negative cashflow deal if it has equity and meets the rest of our criteria?

. - The benefits: - Access to deals that might be unattainable individually. - Shared expertise (e.g., one partner brings market knowledge, the other brings financial resources). - Diversification of risk and reward. - Accelerated growth through combined efforts. 2.

There's no real hard and fast way or only 1 way or doing your first 2 points. your subject line suggests you're not looking to go to a large shop like a JLL or a CBRE which honestly I don't blame you those offices are usually pretty bloated.As far as monthly costs, if you are going to individually get a costar or other such license you are probably looking at $500-$1000 a month pretty easy in overhead once you have office dues, mls dues, marketing, etc. 

Some may tell you that you can systematize anything, but the problem is, every individual home is different (even the newer cookie cutter neighborhoods).Focus on two or three neighborhoods and know what a good deal looks like in those pockets.I would also temper your expectations as far as finding a lot of equity on MLS.  

Originally posted by @Rich O'Neill:Genuinely curious about this- at what point do we have to be careful about "redlining" when talking about this stuff?