My objective is to buy about an acre of land, that is already leveled, access is being done, and utilities are going to be 5 feet from the property; and then build 3-4 shell retail spots on my plot, owner occupy one of them with a business and lease out the others.I am meeting with a developer this weekend, but have some wrong numbers regarding the average cost of building a shell space. 

  $900 seems to be the sweet spot right now and most of those cost 45-55K including fix-up.With all that said, I'm positive I spend money on the properties in ways that most landlords at these price points do not. 

And being near garden of the gods that I a great spot for an STR.

You’re spot on about both FHA 203k and Fannie Mae HomeStyle loans being great tools for renovation projects.

Also, are they closing on the spot or just prospecting?

I have the second address and spot meter report completed and having plans drawn up.  

Syndication may spend your money then loose interest as an example and move on to next deal.Also, if they tell you, we are full but one spot is available, beware you are being played.

“Josh, I feel you on this one—it’s a tough spot to be in, but let me tell you, these situations are where the real players in this game prove their mettle.

You might look back and think, ‘Glad I spotted Casper before everyone else jumped in.Take care, Pat & JasperTurning investment visions into REALITY in Phoenix, AZ - Ranked #1 for residential real estate growth and opportunity by PwC

Hi Sunny,I expect DFW and Indianapolis to be similar to as you describe, although $250,000 price point can be tough on newer homes less than 10 years old.