In effect, earnest money is just paying more of the down payment and closing costs upfront.”Keep in mind, this isn’t required, and it doesn’t guarantee your offer will be accepted.

Depending on the number of jobs and number of new development going on in the area it may just be simple supply and demand.

I actually ended up going through a big career change, and attended a 6-month bootcamp to learn Software Development after 7 years cooking professionally in fine-dining kitchens. 

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

@Rosmery ThenMy partner and I are in the same situation, just he has 20 years of construction and development experience.

Hi Mark, I am a founder of a startup helping RV park developers source land.

lat=43.1688001618486&lon=-77.6159378282709 I’d also suggest considering whether you live or work nearby, so you can stay informed about any developments. 

I've been thinking about this for awhile but unsure how the exact mechanics work. Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and chil...

Contractors, unless you have a working relationship with them, normally do not want you bouncing ideas off them.Understand what their hourly rate is, have a discussion with them that you are okay with paying them an hourly rate if they walk the property with you and provide you a scope of work along with an explanation of what you can/can't get away with in regards to improvements.ask them if you go with them, if they can credit you the amount that you paid.Once you develop a working relationship with a few contractors, you can bounce ideas off them and expect quality responses.I do not invest in New York.Best of luck. 

Pros - guaranteed rent, tenants stay longer on averageCons - more mgmt needed (lease violations), they tend to not take great care of properties (increase maintenance expense or deferred maintenance)