If it's not satisfactory (or even questionable), a Phase II is in order - in fact, your lender will most likely require it.Assuming that all the environmental pieces are good to go, you then need to evaluate the business itself. 

Most people outside the profession don’t understand the time and capital it takes to make a project come to fruition.Before a single piece of equipment touches the ground, there are years of government meetings, environmental and site assessments, engineering studies, etc.Each step requires significant time, effort, and capital investment.But when done right, it creates a ton of value and transforms communities, which is why I love it.

What would be the best piece of advice you could give me? 

All the units look great and done in workmanlike manner but the 2bd/1bath unit has a funky set up and layout where it looks like it was pieced together. 

I usually receive a large bonus from work in late June so July 2025 is my target date to buy my first piece of property, although I realize opportunities may arise before then. 

This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

Both Ohio and California are going to get their piece.

However, the new Community Development Grant (CDG) program simplifies access to critical funds, offering three distinct grant categories:-Small Grants (up to $250,000)-Medium Grants ($300,001 to $5 million)-Large Grants (over $5 million)These grants can support a wide range of projects, including office, retail, cultural, industrial, and mixed-use developments of more than 10+ housing units with ground-floor retail.

A simple piece of flashing that goes missing from from a can cost you $500 today but might cost you a lot more tomorrow.

Interesting to hear there are anti-RK folks out there, but then again, aren't all public figures subject to scrutiny....I just signed up to download your book -- great looking website and nice logo.Here's a question fitting for the newbie forum: what's the one piece of advice you wish you could go back and tell yourself before your first purchase?