For new investors who don't want to invest right near them, I always tell them to make a list of where they have lived (competitive advantage of knowing the areas), where their friends and family live (boots on the ground and eyes on the houses), and where they have spent other time in school or work (more competitive advantage).

Bathroom tub where it meets the ground needs to be caulked.

When I go into one of my next learning phases which is Driving For Dollars, then I would imagine that I’d analyze no where close to South Jersey!

Purchase price: $257k, 2759 sq. ft, 4 bed, 3 bath, 2 car garage, in ground pool,  centrally located to entertainment and 30 minutes from 2 major downtown locations. 

Hopefully you guys can get an offer in that sticks and start the next phase of investing soon.

It feels good to be in the learning phase figuring it out.

For those of you who invest out of state, do take extra caution and make sure your Boots-on-the-Ground team is being extremely diligent. 

New Member here, I’ve been in the same company for 10 yrs. building it from the ground up.

I really appreciate the post.I am still looking for my niche and my market as well, along with any insight I can get from people on the ground like yourself.  

Which all key figures help developers decide on negotiating terms of JV for development(build and sell).Deal here with one of Landlord is, 52k sq ft plot, Multi Use development possible (Ground + 1 floor parking, 4 floors of commercial space, 14 floors of residential apartments).Owner is not ready to give up on 55 - 45% JV model (55% for Developer, 45% for Land owner + 1.2 mn USD cash).Where as out of 4 prospective Developers, no one is ready to be beyond 34%.