My goal is to generate passive income through buying rental properties, house hacking as well as establish a career as a real estate agent working with investors.   

Of course I know I need to make sure it is a buildable lot, but what other questions do I need to be prepared to answer when I go to sell this lot to an investor?

And a couple directly with a sponsor.I have definitely found that these platforms can really help in the education front, but there is a lot to learn.

For private utilities you even have to show the state what your "run" costs are to establish your service charges as you would technically become a utility provider.I would expect Florida has an equivalent body with the same authority and guidance.

Yes, the numbers are solid and the SF property will be +CashFlow, etcClearly you have established a good business deal with your friend.

On posts like this one, I find myself missing Bob Bowling.I think the issue is that you understand the ratio to which Cap Rate applies, but maybe not how it is traditionally applied.Cap rate is typically used to establish a present value for a stream of revenue within a set market: NOI of a MF property, in real estate.

It's a lot of work and there's a lot to learn! 

Allison B....Theres a lot to consider, but getting another property is a good idea.  

First figure out how you plan to invest, what access to $$ do you have and establish a business model.

I would advise that you start with a business plan and establishing goals for the LLC.