Just this morning we spoke with a landlord that has a tenant arbitraging his property, and it's doing well enough that he would like a shot at hosting himself.

Quote from @Martin Grizzanti: I invest full time in Rochester--feel free to ro with any questionsGood morning, born and raised in Rochester (off Thurston) but haven't lived there in 20+ years.

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

buy and sell more real estate.....side note: Its a reason its hard asset and not a soft asset....IMO nothing beats land and property.

Exactly what I needed this morning.

If my labor is worth $100 on Friday, I want it to buy the same amount of goods and services on Monday morning.  

I also reduced a lot of the soft expenses (office, accounting/legal).

Hell, I might be even-steven if we had one, and I'd bet money @Russell Brazil and @Nathan Gesner would be there with me despite the fact they're two of the smartest dudes in here because they're not soft pedalers.

Soft Costs and Professional Fees - Could you share insights on budgeting for architects, engineers, project managers, and legal fees?

Good morning Sandhya,I have been a part of NARPM for many years and Highly recommend joining the group if you plan on becoming an expert in the Property Management industry.