If your investment location is in a growth area, you never know about the future development and  how it might drive the value up. 

Funny enough I married in to a family that does R/E development. 

Then you'll need a development plan showing where the roads, utilities, and homes will be.

As a community i bet we would all crowdfund a project with a quick turnaround (3-6 months) in between our deals for a reasonable return (5-10% depending the experience of the developer)2.

LA around the metro stops there are a lot of developments coming online, I can see multifamily in those areas getting into the oversupply territory.Where in LA are you looking?

Working as a property manager I have developed a passion to be my own boss.

I'm originally from the southwest suburbs of Illinois and recently moved to San Francisco for my job as a software developer.

Developing an operating agreement for the LLC will help establish the basis of your business, including capital contributions (HELOC, Loan).

If you are looking to invest in Allentown based on appreciation from economic development, might want to look into the waterfront project area.http://www.mcall.com/news/local/allentown/mc-biz-n...https://thewaterfront.com

To obtain financing it can't be larger than 25% of the total community square footage. 10% of the budget to go towards reservesNo active or pending litigation (HOAs like to go after the developer for construction defects)No assessments (ask for the last 12 months of board minutes in your offer.