He will own 1/2 of about 4M in real estate after 2 years and is already under contract on 2 more developable projects.

What folks should be doing is developing the understanding enabling them to build their own tools.

This can help you gain experience and start to network and develop a team of people who can help you invest in future deals.  

Currently underwriting 35 SFHs being purchased as a portfolio by a PE Firm in order to push rents via ADU developments.

Shortly after the crash my tenants learned that condo developers were renting out luxury apartments in the area for around the same rents I was charging so I was forced to lower rents. 1200/apt 2 1050/apt3. 

.: @Basit Siddiqi @Linda WeygantI believe it’s worth keeping an eye on this development, as this measure is still a proposal and needs to pass through the Spanish Parliament.

Now I've got a property under contract:$78K purchase$35K in development of utilities.$24K in soft costs (permits impact fees etc)$200K (or less) buildout of the house (size tbd on after-build-appraisal) Likely going with 2/2 A frame 1000 sf.

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

You could also look into regional banks or credit unions with experience in real estate development for middle-ground options.If I were you, I’d spend some time shopping around for the best rate/terms.

I have bought a couple of units and now working on my own development.