Lastly when I was newer in the business I was a Land ONLY specialist I sold smaller to larger Ranch style land and depending on where it was and how difficult it was to show standard fee's in those  days was 10% and on some of my deals that were 40 miles of dirt road back into Mendocino National Forest and took someone with my unique skills with maps and compass's to even find the land I charged 20 to 30% commish on those.

If you want an apartment or townhouse style condo, prices are lower.

All - wife and I, after some discussion about floor plans and styles, are converting it to our personal home. 

One other thing I didn't mention is that our timeline for moving is extremely flexible and we would not make our plans until after we have found a suitable tenant (even if that means staying with a friend or renting something short term locally), so at the moment I am a bit inclined to want to try things ourselves using some of the recommendations from @Nathan Gesner, @Chris Berry and others.I also did a a rough analysis based on the two local PMs I have researched and the potential cost savings would be over $6,000 a year.

For those reasons, I will wait to listen to several episodes before deciding whether his particular style was a good move for this podcast or not.I also love David Greene and Rob Abasolo, as well as the way their individual styles complimented each other in the podcast format. 

To get started, educate yourself on real estate investing, join local investment groups, analyze the market, prepare financially, find suitable properties, and analyze the deal.

I just closed on a 6 bedroom/ 5 bath home in Indio with a huge empty lot where I am going to build a resort style pool in the backyard.

For this house they would have used PVC and it was built in '89 (Ranch style.)

These loans cover the costs associated withpreparing the land for subdivision, such as grading, infrastructure, and legalfees.Ground-Up Construction Loans:If you plan to build on the land, a ground-up construction loan might be ideal.These loans typically cover both the cost of the land and the construction.They can offer more flexibility and longer terms, making them suitable for avariety of projects.The best option will depend on your specific needs and plans for theproperty.

There is also a prepayment structure that is equal to six months of interest (so half the rate) for about five years - this is more common for west coast DSCR lenders (sometimes called "Cali Style"Generally OK to negotiate - but with no prepayment penalty, you are likely going to have a significantly higher rate or points at close