The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!

After that, I was confident we could clearly show the positives of the project to the board.I don't have a great answer on displaying a housing shortage for your area.

However when a great property that fits what we like (ugly and a great price where we can use our skills to make it beautiful) comes around that we can take advantage of our position and get it, we want to be knowledgeable about that property type and be able to jump on it. 

I didn't put systems in place until I realized I was lacking a some area of my investment skills. 

They use an economic vacancy figure instead of breaking out loss to lease, bad debt, and concessions so as to conceal their assumptions but a skilled operators can reverse calc it.

but I suspect homesites will drive the best values.. no one wants logged over sites for building ( generally speaking)  it works here in the Northwest because of the incredible shortage of buildable land. but in other areas not so much

I'm hoping things move a little more quickly once things go vertical as I heard getting slab poured is the longest wait but I'm assuming there is a labor/material shortage in general in the area so wasn't sure of people's timelines once slab has been poured?

"I was going reply reference your typing skills and overall spelling ability."

If the owner redeems the 2nd month after you bought the OTC, you only get the 3% (1.5% x 2 months).Exercise those due diligence skills!

Then focus on improving your interviewing skills to help you build a solid team on the ground wherever you do choose to invest.