All of this is of course going to be influenced widely by politics and the national economy good or bad in ways I cannot predict now. 

Rich,Your post agreed with my political position so I voted for it before reading it and testing it against my own critical reasoning, increasing the guise of your influence in all areas of real estate.

That may have a huge influence on your profit in the near future.

Couple that with the fact that existing buildings are trading below replacement cost, and you have a recipe for controlled supply side influence in the near term.

You can now do 700 SF ADU ( since your lot is over min lot size they changed the code) which I influenced, this is By Right and could take about 3 months at the quickest to get a building permit.R-M Requires a Site Development Permit (to get your duplex) This is an additional process for Entitlement before you can apply for the building permit. 

I have always thought it was insane that residents don't pay water even though it is a cost that is highly influenced by personal use like electric.You can of course always charge for parking, storage, WIFI (student housing this will be needed either way), late fees (we do 8%) with the 3rd as the last day it isn't late instead of the 5th. 

The purpose of an appraisal frequently dictates the valuation method employed and influences the resulting estimate of value.Intended use and intended user(s) of the appraisal report.

I have read that many recommend learning scripts, interviewing with brokers, and also creating a sphere of influence list before starting.

I understand the true value in that first deal will be the experience and building that circle of influence. 

I will for sure have an attorney representing my LLC when I get down to the nitty gritty, I just wanted to have a solid base before I’m influenced too greatly by just his opionions.