@Nathan Gesner while understand your concern, don't think price is the correct measurement.

That's a valid point.The partition would be more of a temporary measure, once the back yard is developed the whole property should go into a condominium. 

For every security measure developed, there's a scammer that can beat it. 

The lot has been measured are parted into 5 individual lots for 5 brand new homes.

Also make sure you and the suppliers are using the "same technical language"2: show up as much as possible when you're subcontractors are working get your tape measure out and check plumbing stub ups door openings Concrete form dimensions and square and really anything else that will cost to be adjusted or impact your project down the road.3: lastlyif a subcontractor does not meet the preset expectations for completion do not wait around hoping they'll get their act together, fire them pay them out move on.I hope this helps, good luck it's a lot of fun!

CAP rate is a measure of profitability.The greater the spread between the interest you pay and the CAP rate, the more you will profit. 

Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.

And for good measure aslo a little one in the mathroom.

Scaling is appropriate if you know how to measure your risk. 

Such as leaving a stack of them in a closet as a proactive measure to encourage them to perform that type of maintenance?