I am a new investor who is looking at a possible development deal, something I have never done before.

I have done thorough rehab analysis on each home factoring that in my offer, but I keep getting run over with what seems to be overpaying investors with stupid money.

I have done thorough rehab analysis on each home factoring that in my offer, but I keep getting run over with what seems to be overpaying investors with stupid money.

You can run your numbers.....look at particular condo developments, look at the seasonal rates on realtor.com/trulia or wherever then look at purchase prices on realtor.com/trulia, etc and run your numbers.

My Grandfather was a entrepreneur with fingers in  building/developing/property management/patent trolling/window and door manufacturing...  

Factor that in too. 

I have really developed a passion for real estate over these past few months because of BP!

Do you have a cash reserve, or have you factored in saving part of monthly rents to build up a reserve?  

The no evictions ever is because if someone has been through the process, they aren't scared of it anymore, and the fear factor is huge leverage in getting a non-paying tenant out before having to invest in what can easily be a 4+ month process here.

@Patrick PhilipThat depends on a few but very important factors.