I wouldn't recommend BRRRR in random far away cities unless you're going to fly there and get to know the area really well and develop relationships with a trusted team (key word: trusted). 

A super ball number to get you going would be at least $190/SF-$220/sf ish... to figure out square footage it's probably best to connect with a Chicago architect like @Samuel Pavlovcik or @Prashanth Mahakali both can talk through the zoning and plan development process.

I'd look at land development as an equity capture tool to generate additional returns. land is a buyer's market in almost every market. you just have to expand what you are willing to do or your strategies.

Our purchase market is very strong so you'll be able to grow capital relatively quickly partnering with someone who's actively developing and rehabbing sites.

I find agents who are also investors are the best guide for learning and developing a strategy to buy.

@Don White$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached$200M Chase Investment in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment$44M Investment, 237 New Jobs: Bollinger Motorshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/$21.5M Investment for Detroit west side Dexter Neighborhoodhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/$20.6M Investment, 186 New Jobs: BorgWarnerhttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroithttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/327353923 International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/Contact us with any questions you have.NEW LEADSSubject Line: Your BiggerPockets Inquiry to Logical Property Management & RealtyThanks for your interest in our services!

Just as a preface, I have done many large developments, lots of SFR, master planned communities, etc.

Hi community,I'm developing marketing (primarily to immerse myself in planning and get me thinking about things) and would like to hear about your experience with this house hacking.For my marketing plan overview:Marketing Goals:1.

If it shows on the deed history, Grantor is a bank and grantee is Housing and Urban Development on a special warranty deed, what does that mean? 

(i.e. have RE prices increased in the area, is there room for additional appreciation, how is the STR and LT rental market, any new housing or commercial developments?