I know that this is going to sound really newbie-ish of me, but I an aspiring developer, I have a lot of knowledge of how to acquire for some residential and commercial properties, however as I said, I am an aspiring DEVELOPER, which means that I am looking at the BIG projects such as high rise condominiums, mixed-use , and other big commercial developments.

What are your thoughts on investing in condominiums as part of a buy and hold cashflow strategy?  

Olive - https://www.neighborhoodscout.com/al/gardendaleIrondale - https://www.neighborhoodscout.com/al/irondaleMoody - https://www.neighborhoodscout.com/al/moodyLeeds - https://www.neighborhoodscout.com/al/leedsGrayson Valley - https://www.neighborhoodscout.com/al/birmingham (Unincorporated)Pinson - https://www.neighborhoodscout.com/al/pinsonMcCalla - https://www.neighborhoodscout.com/al/bessemer (Unincorporated)Mulga - https://www.neighborhoodscout.com/al/mulgaMinor - https://www.neighborhoodscout.com/al/mulga (Unincorporated)Morris - https://www.neighborhoodscout.com/al/kimberly (Unincorporated)Kimberly - https://www.neighborhoodscout.com/al/kimberlyClass DMidfield - https://www.neighborhoodscout.com/al/midfieldTarrant - https://www.neighborhoodscout.com/al/tarrantWest End - https://www.neighborhoodscout.com/al/birmingham/zipcode/35211Ensley - https://www.neighborhoodscout.com/al/birmingham/zipcode/35208Inglenook - https://www.neighborhoodscout.com/al/birmingham/inglenookClass FBessemer - https://www.neighborhoodscout.com/al/bessemerFairfield - https://www.neighborhoodscout.com/al/fairfieldEastlake - https://www.neighborhoodscout.com/al/birmingham/zipcode/35206Lipscomb - https://www.neighborhoodscout.com/al/lipscombBrighton - https://www.neighborhoodscout.com/al/brightonNorth Birmingham - https://www.neighborhoodscout.com/al/birmingham/zipcode/35207Comparison by ClassHomewood – Class AMedian Home Value - $379,563Median Household Income - $66,573Individuals Below the Poverty Level – 11.1%Crime Index – 8 out of 100 (100 being Safest)School System – Top 10 in the StateAverage Market Rent - $1,420Alabaster – Class BMedian Home Value - $179,984Median Household Income - $73,325Individuals Below the Poverty Level – 10.2%Crime Index – 40 out of 100 (100 being Safest)School System – Top 50 in the StateAverage Market Rent - $1,362Centerpoint – Class CMedian Home Value - $117,940Median Household Income - $39,134Individuals Below the Poverty Level – 26.7%Crime Index – 12 out of 100 (100 being Safest)School System – Lower 3rd of StateAverage Market Rent - $1,162Tarrant - Class DMedian Home Value - $73,542Median Household Income - $26,800Individuals Below the Poverty Level – 32.6%Crime Index – 1 out of 100 (100 being Safest)School System – Lower 3rd of StateAverage Market Rent - $1,045Alabama is similar to all other states regarding property class.

I bought the park because 1. it was priced right, 2. it was in a decent MSA (Shreveport is pretty gross and has some red-ish flags in terms of unemployment, household incomes, avg property prices) but I'm in a nicer little town on the outskirts, 3. there is year round demand for RV Parks in the area, 4.

Looking at Permit data is great because it also gives you a window into what the supply situation looks like in 12-24 months, since that's how long it takes to usually complete the units after a permit is pulled.Second step:-Layer on data on Population/Household growth in your market to see how it compares to permitting.

Currently I own mainly condominiums (Ewing, South Brunswick, Robbinsville, Lawrenceville) and one 4 unit building.

Also, note, that if you have another adult in your household (spouse) you can each have up to 10 personal conventional notes - this will give you the ability to acquire 20 units at a time and move them to portfolio commercial loans into your LLC.This should resolve all your questions.

My wife and I make a combined household income of approximately $400,000 from our 9-5 jobs.I understand that certain tax benefits are eliminated or reduced after you cross higher ordinary income levels related to real estate.

Job growth population growth household income are all metrics to focus.

Energy Information Administration (EIA) says the average U.S. household will pay 8 percent less in heating fuel costs this winter — a savings of about $84 — with natural gas and propane users enjoying the biggest drop in cost.