First, define your goals know your target cash flow, ideal property type, and budget.

At minimum I am going to get $1500/month but ideally more if possible.

Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball

I'd really vet the developer, their past projects, talk to prior partners (GP & LP) to see how prior development deals worked out and how the communication was, etc.

I'd love to find some other people who are currently invested with Fairway America and - ideally - in this exact investment.Thanks,Matt BrownFairway has put out a ton of deals in a variety of real estate asset classes and strategies.

funding land flippers as a capital partner is my latest thing.. since finding lenders for land is very difficult. continue to fund small developers soft costs for % ownership.and continue to be capital partner for flippers and BRRR folks

Quote from @Garrett Brown: Quote from @John Underwood: Nothing that paying for a 3rd party app to automate functions will fix.If I had to pick something it would be getting higher occupancy rates.Overall things are great.I'm definitely not an app developer so no worries about me making one that can help.

Tagged as a developer, surely, you'd want there to be more development projects.

They seem to be in development and backordered for years. 

Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.