@Chai Jonn Regardless of which guru you go with you will still have to develop your own relationships to get into deals.

It is nearby a growing town, but a little outside the development still.

I would probably stay away from these asset classes unless you did your due diligence (need, cost of construction, future development, etc.) . 

@Brandon Jurczyszyn - The average house price is rising thanks to an increase in new residential development.

If so, were permits pulled & were they installed by a professionalAre any of the homes rented to studentsIs there a flat roofare there asbestos shingles - Heating systems- PlumbingSome companies will not write properties with systems that have not been updatedThe Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policyc.

You could keep the existing ones if they are not THAT bad, as a way to help keep cash coming in, but plan on taking them out in the end and just develop it all as duplex or 4-plex.

My partner and I work in commercial real estate development, but would like to branch out and execute our first fix and flip project.

There is an extension cord from the second floor back porch leading down into the garage structure for powering the automatic garage door opener, which needs to be discontinued/removed (or have electricity properly installed to the garage by a licensed electrician).

What is a developer's typical profit margin?

Any help on how this works, or even some links/books that can shed some light on a direction, and how this is done properly would be great....Thanks in advance to anyone taking the time to read my stuff and answer ;)