Determine the ARV for a finished home comparable to what you'll buildSubtract selling costsSubtract construction costsSubtract land development costsSubtract acquisition costsSubtract carry costsSubtract your desired revenue= property value for you.Comps are irrelevant in land buys UNLESS your property valuation is greater than a comparable property.

You are marketing to property owners, we need to market to investors/buyers, however results should be comparable for both.

You may just consider comparing the traditional SDIRA model to the C corp (solo k) or even checkbook IRA model.

Section 8 will compare the rent of the unit to other units in the immediate area to determine if the rent is reasonable. 

Then once all partners got their capital and preference returned, any distributions should be disproportionate in your favor to reward you for the expertise and sweat equity.

There is no risk-free way to double your money. vegas, options, futures, and pretty much everyhting so far in this thread equates to the same thing. unless you are the next next Mark Zuckerberg, focus on balancing risk with reward and you'll be able to turn the 500K into a million over a period of years.

I'm not going to give the long story here but suffice it to say that risk reward is very real.

For properties that fall outside the norm your search parameters can be expanded beyound those guidlines so that there are enough sales to compare.

I don't remember much emphasis on market/repair analysis compared to the drama within the team.

You will get to know who is transferring property to an LLC or trust and who owns multiple properties in the area.When you find an area that you believe is an opportunity then sharpen your focus and continue to monitor the area so that you become familiar with the type of property available and what it is listed for compared to what the ultimate sales price is.I like to contact owners who are several years behind in real estate tax.