Bump, come on folks, Chris helps alot of people on the forum.

I'm on a LOT of people's email lists, and I see multiple investment offerings every day of the week.

Don't buy the "dream" people will try to sell you.

This way, all income and expenses related to the cottage can be run through the new LLC and its corresponding bank account.Additionally, make sure that you’re not mixing or commingling any personal transactions with your business transactions or transactions between the different properties to maintain clear separation and avoid potential issues.

Genuinely curious what people's plans are for these lots, and why so many people are gravitating toward it seemingly all of a sudden.

Your team will consist of your real estate agent, lender, HUD Consultant, and general contractor - PLEASE MAKE SURE EACH MEMBER HAS DONE THIS TYPE OF LOAN IN THE PAST.I wish you were in Chicago...we'd love to help you on the renovation side, but have not expanded the general contracting business to Dallas yet. 

Reston has seen an incredibly fast rise to be one of the major entertainment, business, and residential areas in the country in the short sixty years since its inception.

However, don't prioritize return of capital over return ON capital.Focusing on strong rental areas, high quality tenants, solid property upkeep and long term gains will keep you alive in this business longer. 

Prior to anyone submitting an application ensure you share your rental criteria clearly ( i.e. credit score, your preference on acceptance of rental collections, evictions, felonies, misdemeanors, pets etc. ) as well as sharing any additional charges ( i.e. monthly pet rent, pet deposit(s), security deposits, admin fees etc. ) people unqualified will usually "walk" as this stage and that is where you will save time. 3.

some good examples here already but would add minimum loan size / property value I see a lot, unfortunately have to turn away a lot of people (esp. those just starting out) because their budget is too low and the property doesn't have enough value juice to make it worth it as a lender (plus more risky)