The projected growth in the local population and economy creates a fertile ground for both residential and commercial real estate development and acquisition.

It sounds like you do if you want to self manage.

@Owen Wang I applaud your enthusiasm to hit the ground running! 

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

But I’d say the key to success is building a reliable team on the ground.

It does seem like it is such a significant misrepresentation though, I wonder if getting some confirmations in writing helps.

Sees a lot of off market stuff because he is a property manager as well.The toughest part about investing outside of your locality is finding boots on the ground that you can trust.

I self perform most of my construction at this point and find it very difficult to make ground up construction pencil in Philadelphia unless I am selling for $400/ft.

I invest in land and have done entitlement/zoning and other DD work successfully for years.A broker called me this morning on a property I have on a busy interesection and has a QSR client who likes the location, but does not want to do a ground lease, only a build to suit. 

Well, at least it's much easier to gather 201 hours than 500 hours.