As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

Getting Fair deals on labor and repairs comes from developing win/win relationships with contractors.

Develop a program coming out of college.  

we need our own forum for this concept. I'd argue that there are very select zip codes where this strategy works. You need to find a zip code where land values are 10% of less of after built value. You have to find a ...

Hi all,I'm looking for recommendations for a property manager for my 8-unit apartment building in Cullman, AL.

very high risk even I only do them with very specific investors in mind and a plan. we dont flip land we develop every one. 

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

This one you will develop. 

There are good relations with the neighbor so this likely wouldn't be terribly difficult to pull off, but I haven't ever developed a property from scratch so I would definitely like the opportunity to partner with someone on this to help ensure the success but first I want to finish the smaller property to have sufficient funding available if it is needed.

use STR reports it's more representative of major hotel markets and hotel inventory. find hte right brand. we just did a 150 page report on one development site.