It puts you into possession even though you might not be in physical possession.

I would put the breaks on! 

I will send you a DM with a recent podcast episode we did on areas that are upcoming in 2024If you want, I put together 20 years of a mind dump into a short article that breaks down the Chicago suburbs and where I think are the best opportunities and more importantly to stay away from. 

I work with new investors quite often and help them with understanding the financing side of investing, and also put another pair of eyes on all of their deals to make sure they will be successful.

I don't know of any mortgages where you can put no money down. 

Putting it all on black and living in a van down by the river either way.Financing:1.

it doesn't cost a lot to put utilities and parking pads in or even entitle it or to purchase land. it's just a lot of work that no one wants to do. parks are hard to get approved but they are not expensive to develop. it's nothing but utilities and parking pads and an office. harder to finance too, but compared to apartment development or mixed use development it is one of the cheapest and highest performing assets because of reduced construction costs. 

Higher demand areas have higher demand for a reason - people want to live there, and that tends to put pressure on prices rising as compared to rents and therefore, typically results in lower cashflow.That said, some of the areas mentioned in the previous posts are interesting, for different reasons.

I wouldn't recommend subdividing them and putting utilities in. multifamily entitlement is much higher returns than subdivisions. just my advice but I have 10 years of experience in agency, appraisal, development, construction, from a national perspective but based out of columbus 

However, I put an "early termination fee" in my leases.