We always underwrite every deal for a 9 month hold and if the numbers work at 9 months we pull the trigger on an offer and go from there.

Since the structure is a Trust and not an LLC, it does not trigger the Franchise tax.

After years of analysis paralysis and having to catch up from a few months of unemployment, I finally closed on my first rental property!  Friend of the family is retiring and moving out of state, wanted a quick sale ...

I got involved in investing by being on the front end of deals that went through the office (just had to be careful not to trigger any COI, for example I couldn't underwrite any deal I was a part of).

Things sell quickly usually less than a week, so you need to be ready to pull the trigger.

Any addition over 500ft2 in my area triggers the dreaded "site plan review" process aka a ton more hoops to jump through.

Some advice in a nutshell, learn as much as  you can, and then pull the trigger, there will never be a perfect time to make a deal.

If you go this route then you should ensure that you can sell part of the land without triggering a "due on sale” clause from the mortgage.

Saw this property was available, watched it for a while while the price was reduced, and it began to make sense numbers-wise to pull the trigger on it.

I believe with the amount of knowledge at our disposal everyone is ready to move forward with REI at any given time, it becomes a question of will you pull the trigger or not.