Quote from @Shaylynn O'Leary: Hello, I' m a newer investor in the process of getting my first property under contract near where I currently live.

Plus, we revise the vision yearly at QB, our Chicago General Contracting Business, because it is constantly changing, and it's not my vision...It's the business's vision.You can do a business vision or a personal vision. 

Hi Brandon,Thank you for your reply, definitely trying to avoid the scammersI'm currently under contract and looking for reliable/credible lenders.

Quote from @Richard Schubert: Under contract for my 3rd SFR in Akron, Ohio.

@Robert Quiroz I think all of the factors you have listed might contribute.So I’m not going to comment on that but I am going to comment on an assumption you made.If 85% of rents are below market on deals you underwrite then those contract rents are probably THE market rent.You can’t just go based upon area median income to rent ratio.First off urban areas are oftentimes street by street, block by block.

If you believe you will be financially ready to build a year from now, perhaps you enter into a lengthier contract where you can obtain all of your building approvals and then settle at a later date.

I want easy street.Well....bless your heart.....I've never found all that and I've been looking for 25 years. 

In the future, please have all this lined up before you submit a contract.

By trade and training, I’m a marketing, finance, and strategy guy, but at heart, I’m an entrepreneur who loves working with people and building meaningful connections.Real estate has been a part of my life for as long as I can remember, and now I’m diving in to carve my own path. 

This is why the big corp builders or regionals control so much of the larger developmentsthe deals i funded are 34 lots 160 lots and 80 lots respectively and each of them have contracts on them by Toll and Lennar and one regional but they only close when we have permits in hand.