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. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

After awhile you develop a keen nose for ******** and you're the real deal 👍

Follow economic trends and determine which areas have the best opportunity for economic development and prosperity.At the end of the day, you're looking for investments with the highest returns. 

With this data, develop your own lead gen system that works.

@Frankie Paterno In most places you will likely find that your $1.2MM will go much further with existing built as opposed to developing.

I ran your numbers through my own development proforma analyzer and it looks really good as a DSCR loan. 

To be successful in Miami, you would need to have some serious capital to compete with the groundswell of experienced investors and developers.

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. 

If you have a 2 year work history, and go get a W2 job tomorrow, we could use your base pay right away (as long as it is "guaranteed hours" or considered "full time".