Most of them overpromise and under-deliver.

I have a US citizen adult that is meeting me to deliver a deposit and sign a lease this weekend.

@Ben Firstenberg thank you for taking the time to deliver some well-articulated feedback.

I have other existing residential rental properties that I account my expenses for on my Schedule E, but those are going-concern properties.My initial thought was that I should capitalize all my expenses related to the lot (thus increasing my overall land basis) until the time that the property is delivered and begins service as a rental.

Indeed, such a claim detracts from their credibility.One can, of course, VISIT the property to TRY to determine if it's vacant, which then, with enough follow up, may deliver a motivated seller into your funnel, but that's a LOT of work. 

No subscription service is going to deliver deals with any consistency.

Here in NY/ NJ Warehouses are very hot for various reasons, and investing with a developer specializing in this particular market, who knows the in’s and the out’s of this market actually delivered me unbelievable great returns after developing and selling to end users desperately looking for class A warehouse buildings in the area.I’m currently doing my diligence on another great opportunity in this market and will see what happens.

There might be a higher and better use.I would get an analysis from AIRDNA for your property and see how there suggested performance fares with what your property manager is actually delivering.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

. :-) 10-day pay or quit was delivered on Mar. 9th. and I've been told excuse after excuse after excuse on I've got the money but I can't make it to the bank or it's in the mail etc.