I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.

Some other great examples are Aguadilla, Camuy, and ISABELA. be sure to check out Isabela and anything nearby.Cheers,JustinThank You for sharing your experience Justin !

Well from my experience the strategies that grow net worth the fastest require the most time.

I'm a construction cost estimator building my real estate network, and want to offer my experience to the BP forums.I've spent 3 years in residential estimating and 5 years in commercial estimating.

Typically I try to stick to 2-4 bedroom single families as larger homes do not bring much more in rent but more in repairs.Thanks for sharing your experience.

During the previous crash of 2006 - 2010, real estate really did experience a bubble.

Does anyone have experience doing this and can show me how best to go about it? 

So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in real-estate I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.

Look for signs of that because in my experience these people that are not on the lease and not liable for anything don't generally care the property.1. 

From my experience many lenders and especially realtors do not understand the loan.