Everything else takes twice as long as it should take anywhere else. 20 years ago I had a developer in my office that had just relocated up here from Florida and was complaining about how long everything takes, how slow subs were, and how impossible it was to keep anyone on payroll.

Payroll was significantly higher, entertainment costs, food, utilities...everything was pretty much under budgeted.

It seems like a very sophisticated project, but doable.

I think the other commentators have it right - a HML that is willing to take an investment that is small is probably not vettable and not a smart play - however if you have ~$500k or more to put in, then the legitimate more easily vettable firms would pottentially be interested - and you would be able to see the sophisticated setup, documents, structure etc and be able to research accordingly

That’s a pretty good ROI.We consider ourselves pretty sophisticated (own over 500 units) but this is evidence that “you don’t know what you don’t know”.

These are some of the things sophisticated LP's look for.

It's one of the reasons why I have two plumbers on payroll. 

I would say to look at all strategies. it's more about who your team is, their sophistication, etc. we do everything on data and underwrite every deal and help answer a million questions which makes it easy. your team is everything. happy to chat about columbus I'll shoot you a PM

Once you take out the loan you make payments via your payroll every month.

Trying to wholesale while it can work its like I said very tough to do and your going to have a ton of deals fall out because of the inherent marketing times for dirt.And when your talking about commercial property its even worse.. you will not sell it unless your basically giving it away UNTIL you find a user.. and buyers of commercial are far more sophisticated than buyers of a rural parcel looking to build a cabin or a builder looking to build on infill in a city.In northern CA we bought 72 acres of which consisted of 14 parcels of record. 4 of them 5 acres each were zoned industrial this was a small rural county.. we sold the 9 that were for resi purposes in the first few years.