Make sure you have 6-9 months of reserve to live and then make the leap as doing something for an hour or 2 doesn't even compare to dedicating a full day to doing it.

All the best to you and maybe we'll connect sometime to compare notes since we'll be working in the same market and at similar levels in our REI careers.

It's not quite apples to apples for me this time since my last property was bought in 2010 when the market was a lot less competitive, but *knock on wood*, it's looking like deal-wise this one will be comparable to rental #1 (the duplex), and be better than #2.

The ones on the higher end of the price scale (over $2/sqft) are comparable to mine in terms of renovation.

Writing a loan on a SFR compared to an Apartment Complex compared to Mixed Use is not all the same.

Would love some one to compare notes with.

Even what I'm doing - explaining how it works - is abstract compared to actually letting them do it.

BTW, how do you like Texas compared to California?

Determine the ARV for a finished home comparable to what you'll buildSubtract selling costsSubtract construction costsSubtract land development costsSubtract acquisition costsSubtract carry costsSubtract your desired revenue= property value for you.Comps are irrelevant in land buys UNLESS your property valuation is greater than a comparable property.

You are marketing to property owners, we need to market to investors/buyers, however results should be comparable for both.