Here in areas when water and sewer are brought into a development, you have assessments of $15-20k, which can be added over 20 years or so to the tax bill.  

I live in a really nice apartment.  

@George Kountoupis NICE!  

I developed criteria that reduce the risk that the investment does not perform well.With that approach, I am about 2 more properties away from achieving my goal.

Very nice!

You don't have to buy it to make money - you could control it with an offer - with a delayed settlement date and assign the contract to someone who will developed it.

To my disappointment I was denied a loan of $170,000 from quicken due to high debt to income ratio ( I was over excited and failed to do my due diligence) I didn't think to add in the new payment into my calculations.....oops, But with that nice lesson learned I now know what needs to be done in order to get either 50-80k on a heloc. so my question is when the lender calculates the dti on the heloc do they use the interest only payment or principle & interest.

However, I do know that I want to get into properties as soon as possible perhaps when I graduate so my plans right now is to save, network, find a mentor and develop my understanding of the game. 

Rougher part of town but with a huge 1 billion development starting in 1 year near by.

To give you an idea of the requirements, at least half of the Corporation’s assets would need to be invested in real estate that is directly managed or developed by the Corporation.