The bad news is that it will be harder for you to execute your plan to raise rents and refinance, taking out the seller and recovering part or all of your down payment because the lower LTV that lenders will constrain you to will pigeonhole you.Another challenge to be aware of is that there are likely HOA dues—typically if only one unit is owned by a third party the HOA is formed and collects dues even from the developer-owned units.

The first in Santa Rosa have created an increasingly large housing shortage, providing opportunity to developers. 

A developer is now building a big apartment building behind us.

I just received an inspection report for a home I have under contract in Kansas City and there were some potential problems identified with the foundation. 

All the more argument for developing your own PM company.

Additionally, I have started to identify vacant properties in our area and started calculating practice deals so I can learn what metrics are important. 

Hi, what is your in-put with Lincoln Yard development and the city project around the Chicago River also, which area in the city you think is the best to flip? 

Ah, loving this thread with all the speculation regarding the AU NZ and Canadian property market :)Having been a property investor and developer here in Australia for over 15 years, I can attest that the market is extremely expensive, mainly in the east coast capitals (Melbourne, Sydney particularly) and the rental returns on residential are quite low, I can also assure you there is no "imminent" collapse  just around the corner. 

@James Webb What you're referring to is not "cost segregation"; that's a study done to identify personal property and separate it from real property.

However, a developer mentioned it would be a wise idea to do a condo conversion even if I’m planning to keep the property.