Personally, I airbnb half of my house, individual rooms, and stay nearly 100% booked.

Without a mortgage, this decreases the risk of a rental vacancy and improves cashflow.

Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

I can't tell if you want to buy land from an owner who finances or if you have the funds to buy and then sell the lots with you being the owner who is financing to individual lot purchasers?

I also found that being at "market" rents it takes longer to rent therefore missing out on a month or two of income negating the ROI on improvements.

Most on the other hand are not responsible individuals, are not educated, do not work  which means they are going to be spending most of their time home causing additional wear and tear.

Hello, my name is Marshal, and I’m excited to connect with this community of like-minded individuals passionate about real estate.

As for the project, I assume Current is doing the horizontal development and will sell the improved lots for vertical construction, is that accurate?

Both me and my wife have full time jobs. 3) That $5875 is the 25% of contribution that S-corp can make towards employee retirement. 4) Thank you so much for improving my understanding on how 401K limits are calculated.

A good manager can improve performance for a mediocre investment; a bad manager will kill a good investment.