Wise of you to get a head start with your networking and planning.

What is the plan for the that? 

I really don’t see any upside to the auction plan, only downside. 

I am curious how they plan to make money after spending $5k to furnish and another $200 for utilities monthly, ON TOP of the $1800 rent.

What is the expansion plan from the city?

My expectation would be around $50,000 for drive and garage.I would likely not raise the rent more then 3% as they are such good renters and really take care of the place. 

Planning on the shaker white for the next house I get, as most people think it is a timeless look.

There they will go over the drawings/plans, walk the site, etc.. 

I talk to developers all over the us and most of what you have would pass my initial screening to move forward. then it would go to sponsor experience, liquidity, construction experience, site location and site reports, entitlements, construction partners, etc to clear all the conditions. make sure you have a plan to purchase all the fixtures we passed on that. not sure about hotel financing of beds, desks, etc 

. ($325k downpayment should eliminate the tire kickers.) downside to your plan is you eliminate all the owner occupants as buyers.