For example a property with a $100,000 door cost and very little capex is going to be a much better deal than a property across the street that is $80,000 per door but has significant deferred maintenance.So the analysis is preliminary and either can be used, but at end of the day you need to deep dive into the entire picture.

Once we done preliminary underwriting on the multi-family in question, if everything looks good, we will need about $1.5m for down payment and closing costs.

So I'll wager that if it all does start to unravel it won't be until after a few deals go sour and people start suing each other. 

I dont know the area, or the county for that matter, whatsoever.I did some preliminary due diligence on Clinton, including 5-year population trends, demographics, rental rates published, and some other region-specific data. 

I only look at properties the numbers work on (I’m primarily a buy and hold investor) and by the time we schedule the preliminary walk through he’s usually already found out a ton about the property if he wasn’t already familiar.

PRELIM LAND PLANNING- do a preliminary layout, please remember stream buffers, specimen trees, ANY jurisdictional waters (its a good idea to have you county water systems guy come walk your property with you to verify any jurisdictional water systems and what the required state and county buffers are for those systems).

if the timber is merch  you should get a mill in there to bid on the timber.. hire a logger.. profit you use to knock the stumps out.your civil engineer should be giving you a preliminary cost to do infrastructure normally they will do these for free since they will be designing it all.. they would be the best bet anyone on line is simply  a WAG  

My townhome development in WA was under 200k for 18-units to get full building and civil permits.So hypothetically, if you think it's worth 100k per door at preliminary approval before utilities and improvements maybe it'd be worth paying 50-60k per lot.

Based on some quick preliminary research, it seems like it could be a pretty good place for me to start investing.

How do you get a sense of if people are living there so you can plot out your preliminary exit strategy of whether to modify the loan or do foreclosure or something else?