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

@Arif GungorurMake sure you check any HOA or development restrictions.

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

Tons of growth coming all over town with new developments constantly, plus the weather is great 9 months out of the year!

There’s a lot of new development going on in Huntsville proper, but properties in nearby suburbs like Athens, Decatur, or Meridianville are both more affordable at present and less prone to competition from new construction.$150,000 can buy you a tenant-ready 3 bed, 2 bath single-family home in a B-grade neighborhood.

But I'm sure the developer made $1m.

The only thing I would add is using your time with prospective tenants to ask what they are looking for, how the unit aligns or doesn't to what they are looking for, etc. 

Before I jump into the cash required to operate which isn't given enough attention by most investors there are additional fee related questions a borrower should ask any prospective lender: Are the 3 points inclusive of loan doc prep?

It is less than an acre, but zoned for multi-family residential development (town-homes, condos, apartments, etc) Having never been, I know nothing of the potential in Delta Utah.

You know that the best investor-clients, we develop a partnership with and camaraderie over knowledge and a will to work in their best interests.