Hi Bigger Pockets Community,I am in contract on an apartment building in Dayton Ohio and working on assembling the team to take care of everything for that investment.  

if it comes pre-assembled from China, maybe.i dvr many of these shows simply for entertainment purposes.lolgreat article.

We assembled a team that could do critical components to make this work.. 

But now is when you get team assembled.

@John Moorhouse my company doesn't hire people without college degrees for any job but manufacturing assembly.

I bought the kitchen cabinets finished and assembled already.

@Jim Adrian has given you some ideas to use in assembling your acceptance and rejection criteria; identify those that seem like they fit the demographics of the population that lives near your rental, write down the ones you wish to use (you can even make modifications if you see something too lenient or too strict), and use that to guide the decision regarding applicants.

I can use guidance in choosing a target city in Northwest Indiana, referrals to assemble my team (especially a very well qualified real estate CPA), and to let me know of local meet-ups near the southwest suburbs of Chicago where there are robust discussions regarding investing over the border in Indiana.

You need to go work for a developer first.That's how I learned that business.I wasn't an employee but a friend had a old coin laundry built in the 60's and a developer was approaching them to sell for redevelopment.My friend brought me in (as an agent) to help negotiate with the developer.The developer then brought me on to help with assembling the other 20 parcels on 25 acres for a new mixed-use retail development as they were impressed with my negotiating.Over the next 2 to 3 years a learned a lot about development.I was mainly on the front end doing land assemblage however I was included in many meetings and learned a lot.How long the development takes is about funding,structure,politics,timing,and size.The bigger the size the more it impacts an area and the more regulations and controls they put on it.The developer can typically partner with the land owner or set up an equity share structure on the back end.The developer typically takes small consulting fees during various stages of putting the land together,meetings,first phase of construction,etc. until completion.They make the most on the back end when they have performed.A project can have more than one developer or a single company it just varies.I haven't done any land development in years.Most developers are taking cash and buying reposition plays in good areas for less than build cost where they re-skim the outside.New development is still ongoing but it's in really great areas that are a safe play.From what you have stated you are not ready to take on this task.The money you think you will be getting will pale in comparison to the lawsuits that hit you when you screw up and lose people's money from inexperience.Don't think a disclaimer will protect you as they will come after you anyways.Why don't you list the land and market it to developers and take your commission that way and let the developer take the risk??

I know I do not have enough money for a down payment/closing cost and reno now, but figured by the time I found a good property and assembled my team I could have enough saved up (6-8 months).