If any of below is screwed, the whole deal could fall apart or will not be as profitable as projected.You have to be good (or have team members who are good) at:Finding dealsAnalyzing the numbersNegotiating the dealRaising capitalInvestor relationsConstruction estimateConstruction managementPermit processRelationship with the city/town/village you're doing the developmentExit strategy definition and implementationSales and/or LeasingProperty management (if needed)I wouldn't start out as a developer.

There are a lot of multi family properties in Charles village but they will fairly expensive and probably cash flow poorly by my standards.

Then I would go directly to the Village or Municipality where the property resides.

Google will move parts of employees to downtown SJ Google Village.

The older 20's duplexes in Wilshire Vista, Picfair Village, etc, often see long term tenants - more young professionals and families are moving into the area.

Anyway...small rant done but it's been on my mind this week.I invest in Baynard Village and Northwest Wilmington as well as a very small area of Quaker Hill.

I have a triplex in Charles Village which I financed using a VA loan and I am closing on my first flip deal this Friday.

I used to play paintball at SC village in Corona.  

We used the Westlake Village branch and they were very helpful. 

A few notable ones: https://www.biggerpockets.com/forums/311/topics/113694-50-percent-rule-in-my-worldhttps://www.biggerpockets.com/forums/48/topics/227168-50-rule-fiction-non-fiction-lets-see-for-37-491-sfrThe second link looks at a SFR hedge fund and their numbers.