Why would you pay 10% gross to a management company, that is $260/mo, use zillow, they have the tenant screening and 80% of the leads come from zillow any ways.3.

I have another one under remodeling that I plan to do as a short term rental (no experience yet, but this house is next door to my home).I have a dedicated website that I maintain myself where I publish the details, applications etc, also list it on zillow and do the screening through mysmartmove.

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

Quote from @Daniel Bryan: Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

With all things, tenant screening is huge!

How do you screen for things like this?

We did the majority of repairs ourselves (fam of 4), while we stayed there (3BR 1.5BA, 1100Sq-Ft) and learned alot about the place by using it on a daily basis (as a renter would).Ask yourself: What size beds fit best into the space so you can still move around (w/ luggage)?

An appraiser will use comps that are close to your location and in similar size and condition.

I would speculate and say that about 2000 people will be employed there for the next 2 years for the startup.Paul,  it's the #1 or #2 refinery in the world in terms of size.  

Market rents are $650 for a 1/1 and $1,200 for 3/2 in the area for this size house.