David - all good advice above.Local networking is key in order to find out who the serious players are.  

Last year i got engaged in another developing project a residential condo, i signded contract during designing stage for 52sqm 1 bedroom apartment, which is to be finished by the end of this year, also interiors and furnishing is up to me.

One thing about the areas that you're looking at is that there are some very strong, sophisticated players that you'll be going up against.

You are off to a great start getting engaged at such a young age.

I'm happy to say, I walked away with both objectives met and am looking forward to continued engagement with this group.For anyone else on the forum who has a BREIA membership, I'd love to hear your feedback and insights on how participation has advanced your REI objectives. 

It was stated that if you were a licensed RE Agent you are ALLOWED to engage in the practice (with disclosure) while, being unlicensed, you are not (fair or not, the NAR is a powerful lobby).  

Lastly, and my rant is over, if you are engaged in this business and have not personally read your state's statutes relevant to the business you engage in, you are doing everyone, including yourself, a disservice.   

Trying to modify the players to fit your goal is inviting fraud into your world.

So thanks for reading and I hope to be engaging with all of you out there on BP very soon! 

Your building may be currently in good condition, and your exit plan is for a three-year or shorter hold, then you can consider that in the recommendation to collect adequate Capital Replacement Reserves.3) Inspections - Include an inspection provision, and most importantly engage a qualified, competent property inspector who can verify the condition of all of the building and equipment you are buying.