I'll also look for development and competition. 

Most experts also feel that if you turn a shovel after entitlements that involves you creating inventory and turns you into a developer. 

Development - Construction Forum  Strategies is where you will find all the various niches. 

Put as many prospects in the bucket, nurture them with love and earn their business.

that was my worry about selling too soon, and the only way i can see myself breaking even would be to do a for sale by owner. i didnt factor in the benefits that might come from prospective lenders should i choose this as a rental, so this may definitely sway my decision. you are also correct in that one area i was initially looking at for properties is in Aurora.

It can be a challenge when searching for a 203k consultant, a contractor, and a lender that have 203k experience and a good agent can guide you through this.If you can, have the contractor and the 203k consultant walk the house together so they can develop a report with each other if they do not already have one.

Yes, it's a large sum, but there was a previous all cash offer on the property and Kevin, while he is using a Mortgage, offered a higher Purchase Price and a higher amount for Earnest Money to be deposited on Contract.The Check for the Earnest Money on Contract was made out to the Seller's Attorney Mike as Escrowee, so I am assuming that the Earnest Money had to be deposited into the Escrow of the Seller's Attorney.Kevin then Applied for a Mortgage at a well known Bank.Title was completed and an Appraisal was ordered.Sometime around mid-June 2017, a few weeks later, the Seller's Step-Sister filed a Lien of Rescission to stop the Sale.When the Appraisal came back, the Lien of Rescission was discovered, the Mortgage Bank added the Lien as a condition to clear for closing.A Civil Case was filed against the Seller and the Case was suppose to take place around December 1st.Buyer's Attorney and Seller's Attorney agreed to postpone the original closing from 45 days after signing the Contract on June 13th to December 1st day, documented in email.The Case was then postponed to January 29th, 2018.Along the way, the Buyer's Attorney got sick and developed ALS.When January 29th, 2018 came, the Seller's Civil Case was again postponed to April 1st, 2018.The Mortgage Bank issued a statement that the Mortgage Contingency was no longer valid and has expired.Kevin then changed Attorneys.

CC is insane, I was recently browsing rentals and a renovated 1bdrm with amenities was around $2,500 in one of the large developments.

I wrote out an org chart of my development firm, what it needs to look like in the next few years, what the business model is, who my first second and third hires are, and what succeeding at this will allow me to do in terms of generosity and impact toward the world around me.One piece that I admittedly have been avoiding, is dialing in my marketing.

And developed a passion for it.